Colorado residential electricity rates

Analyst note

The Colorado residential price sat above the U.S. average in 0 of 10 years; the gap was -0.53 ¢ in 2015 and -1.56 ¢ in 2024. In the 2024 ranking Colorado sits between Texas (14.94 ¢) one place above and Arizona (14.91 ¢) one place below; the top of the list is 27.94 ¢ away and the bottom 3.41 ¢. Colorado was 26th in 2015 with 12.12 ¢ and is 25th now; a rise in the table. Colorado residential prices rose in 7 of 9 years. The largest rise was +8.6% in 2022, and the largest fall -0.4% in 2016. The Colorado price peaked at 14.92 ¢ in 2024 and bottomed at 12.07 ¢ in 2016; 2024 is the peak and +23.6% from the low. Compounded, that is +2.34% a year in Colorado, -0.65 points against the U.S. Colorado buys 1.40% of all U.S. residential electricity with 1.79% of the accounts, so the average Colorado account uses 0.78 times the national average.

Colorado residential customers paid 14.92 ¢ in 2024, which puts the state 25th of 51, a middle position, 1.56 ¢ under the U.S. Nine years moved the Colorado residential price +23.1% (+2.3% a year), behind the U.S. by 7.2 points. The sharpest year was 2022 at +8.6%; the peak came in 2024.

The latest Colorado year moved +4.3%, so prices are still climbing. The Colorado commercial price of 11.71 ¢ sits 3.21 ¢ below. A Colorado residential account uses 674 kWh a month; priced at 14.92 ¢ that is about $101, and the sector buys 36.4% of Colorado's power.

Counting revenue instead of kWh, Colorado residential accounts bring in 45.1% of Colorado sector revenue on 36.5% of the kWh, a premium of 8.6 points that comes from the price level: 14.92 ¢ here against 11.71 ¢ for commercial and 8.62 ¢ for industrial accounts. The average Colorado residential account uses 674 kWh a month, 37 of 51 among states on that measure; a commercial account uses 6.45 times as much and a industrial account 124.79 times. Residential accounts are 85.88% of the 2,978,175 accounts in Colorado.