Customer Support

Economic Development Rate

Encouraging job growth, economic recovery and new businesses in Colorado

We create programs to strengthen the communities we serve and promote long-term economic growth in Colorado. Our new Economic Development Rate offers a competitive energy pricing plan and powerful incentives to attract and grow large businesses.

Find out more about the Economic Development Rate and eligibility requirements (PDF)

The new rate, which mirrors successful programs in other states, gives our region a competitive advantage when bidding for major projects in both good and bad economic times. It was approved June 7, 2021, by the Colorado Public Utilities Commission.

Unlock the power to help large businesses grow

Even with rates that are already well below the national average, we understand that in today’s competitive economy, sometimes it takes more. Eligible companies receive a lower price on their electric rates for up to 10 years. Tiered pricing will gradually step down over a multi-year term.

To qualify, a new or expanding business must:

 

Got a project? Let us help you.

We are focused on participating from the ground up in the communities we serve, while building and maintaining relationships for continued success. That is why our engagement with economic development includes local, state and regional strategic planning initiatives along with hands-on assistance for individual businesses.

Learn about programs and resources designed to help companies save energy and money.

Explore our portfolio of economic development offerings in Colorado.

Find renewable solutions to help you meet your energy goals.

Enabling Legislation

HB 18-1271, a bill passed by the Colorado Legislature in 2018, allows the Public Utilities Commission to approve economic development rates to help encourage commercial and industrial power customers to locate or expand their operations in Colorado. The bill also:

  • Allows expansion of a voluntary renewable energy program or service offerings to accommodate Economic Development Rate customers or any commercial or industrial customer making a capital investment of $250 million or more.
  • Ensures customers enrolled in economic development rates do not cross-subsidize other customers.

Read the legislation (external link)

Energy Saving Tip Icon

Energy Saving Tip

Have your home checked for leaky ducts, drafts around doors and windows, fireplace dampers, and other places where air might escape.

chat bubble logo

Break Ground, Not the Law

Always call 811 before digging in your yard to avoid hitting buried gas or electric lines. Not only is it the safe thing to do, but it's the law.