Electricity Rates in Olney springs, CO
The average residential electricity rate in Olney springs, CO is 17.0¢/kWh based on 2024 EIA data. The city is served by 2 utility providers. This is 13.3% above the Colorado state average.
Electricity Providers in Olney springs
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Black Hills Colorado Electric, LLC | 17.0¢/kWh | 12.0¢/kWh | Investor Owned |
| Southeast Colorado Power Assn | 17.0¢/kWh | 13.0¢/kWh | Cooperative |
Estimated Monthly Electric Bill
Based on the average residential rate of 17.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Olney springs
At 17.0¢/kWh, a typical Olney springs household spends approximately $1807.44/year on electricity. Solar panels could reduce this by 50–90%.
The federal solar tax credit covers 30% of installation costs through 2032.
EV Charging Costs in Olney springs
Charging an electric vehicle at home in Olney springs costs approximately $153.00/month at current rates, based on average driving habits (about 30 kWh per charge, charged daily). Compare to public charging prices at ChargeBuddy.ai.
Nearby Cities in Colorado
Frequently Asked Questions
What is the average electricity rate in Olney springs, CO?
The average residential electricity rate in Olney springs, CO is 17.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $150.62 for a typical household.
Who provides electricity in Olney springs?
Olney springs is served by 2 electricity providers. Black Hills Colorado Electric, LLC is the largest provider in the area, though rates and availability vary by specific address.
How do Olney springs electricity rates compare to the rest of Colorado?
Olney springs's average rate of 17.0¢/kWh is 13.3% above the Colorado state average of 15.0¢/kWh. Residents may benefit from exploring solar energy to offset higher electricity costs.