A fuel rate decrease that took effect on April 1 is expected to reduce residential energy bills by nearly $10 per month, according to an announcement made on Apr. 9. The reduction reflects lower-than-expected natural gas supply costs and efforts taken by the utility provider to manage expenses before they reach customers.
The announcement highlights the importance of planning and resource management in keeping energy rates stable for the community. By forecasting fuel and power costs well in advance, buying natural gas and propane when prices are low, and using underground storage facilities, the provider aims to shield customers from unexpected cost increases.
Long-term planning resulted in close to $7 million in savings during the first quarter of 2026. Prepay agreements for natural gas—where purchases are made years ahead—have contributed about $2 million in additional savings during this period. These agreements are particularly valuable during winter storms when market prices can spike rapidly.
During Winter Storm Fern in January 2026, close monitoring of weather forecasts and regional markets helped save customers approximately $2.9 million over four days. Strategic use of a Propane Air Plant during peak demand further reduced reliance on higher-priced natural gas supplies, saving about $845,000 during the same storm event.
By purchasing fuels like propane and natural gas when prices are typically lowest—often in spring or summer—and storing them for later use, as well as trading electricity based on hourly market conditions, the utility is able to optimize its resources efficiently. As a result of these strategies, electric rates as of Jan. 1 were reported at 13% cheaper and natural gas rates at 14% cheaper compared to neighboring Front Range communities.
The organization said it remains focused on delivering safe and reliable service at competitive prices while continuing efforts that provide millions in savings each year.
