Gas bills from Colorado Springs Utilities will decrease by double-digit percentages next month to make up for an over-collection.
The City Council unanimously approved the decrease Tuesday, and it will take effect Feb. 1.
The average residential household can expect to pay $4.84 less each month through the 12 percent reduction, said Sonya Thieme, Utilities' rates manager. The average commercial property will pay $100.07 less a month, while the average industrial property will pay about $1,000.68 less for 17.5 percent and 18.2 percent reductions, respectively.
The decrease is meant to refund ratepayers money after Utilities ended 2017 with an $3.3 million over-collection, said Utilities spokeswoman Natalie Eckhart.
That over-collection is within an acceptable range afforded to Utilities, Thieme said, though she still recommended that the council approve passing that money back to ratepayers.
"This is what we love to do as a utility," said City Council President Richard Skorman. "We give back if we have too much or prices are cheaper for us."
Utilities adjusts costs quarterly.
Thieme did not recommend changing electric rates, however, because multiple hard-drive failures earlier this month meant electric forecasts were unavailable, Eckhart said. And because Utilities over-collected $200,000 from electric rates - a relatively small amount - by the end of 2017, it decided to maintain current rates.
If a change is needed, Utilities can request a rate adjustment next month, Eckhart said.