Colorado Electricity Rates (2026)
15.8¢/kWhstate average
2.2% below national averageUtilities in Colorado
Individual utility data for Colorado is coming soon. The state average residential rate is 15.8¢/kWh.
Rate Outlook for Colorado
Colorado's average residential electricity rate is currently 15.8 cents/kWh. Under EIA's reference scenario, rates are projected to reach 18.7 cents/kWh by 2031 and 21.3 cents/kWh by 2036, a 34.4% change. Under the high oil price scenario, rates could reach 22.2 cents/kWh.
EIA projections for Colorado vs. actual observed rates
Projected residential electricity rates for Colorado (next 10 years)
| Year | Reference (¢/kWh) | High Price | Low Price |
|---|---|---|---|
| 2026 | 17.5 | 17.7 | 17.5 |
| 2027 | 16.9 | 17.2 | 16.9 |
| 2028 | 17.1 | 17.3 | 17.2 |
| 2029 | 17.6 | 17.8 | 17.7 |
| 2030 | 18.1 | 18.3 | 18.2 |
| 2031 | 18.7 | 19.0 | 19.0 |
| 2032 | 19.3 | 19.8 | 19.5 |
| 2033 | 20.1 | 20.6 | 20.2 |
| 2034 | 20.6 | 21.2 | 20.6 |
| 2035 | 21.0 | 21.7 | 21.0 |
| 2036 | 21.3 | 22.2 | 21.3 |
Data Sources: U.S. Energy Information Administration — Annual Energy Outlook (AEO2010, AEO2015, AEO2020, AEO2025) and Monthly Energy Review.
Methodology: State-level projections are derived by applying national rate trends from EIA's Annual Energy Outlook to Colorado's current observed rate. EIA does not publish state-level projections.
Freshness: This data is checked weekly against EIA's open data APIs. The Monthly Energy Review updates monthly with observed rates. The Annual Energy Outlook publishes new projections annually.