Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Stock Market»High demand expected for winter utility rate assistance | Government
    Stock Market

    High demand expected for winter utility rate assistance | Government

    October 31, 20243 Mins Read


    The drop in temperatures Wednesday offered a preview of the coming winter weather. Colorado Springs Utilities is reminding customers about a program that offers financial assistance during the colder months.

    The federal Low-Income Energy Assistance Program, or LEAP, opens applications for seasonal winter heat assistance Friday and remains open through the end of April.

    Last winter the average household that received LEAP assistance in El Paso County got $343 in benefits, according to Colorado Springs Utilities. Heating bills for natural gas often spike during the winter because it is the most common power source for heating homes.

    LEAP is only available to households making less than 60% of Colorado’s state median income. This year, that covers individuals making less than $3,380 per month or a family of four making less than $6,500 per month.


    City Council supports Colorado Springs Utilities 2025 budget, 5 years of base rate increases

    Community Relations Supervisor April Speake, who oversees Colorado Springs Utilities’ assistance programs, said demand for LEAP and other assistance rose last year and will likely remain high this winter. LEAP applications jumped in the county from 9,232 households two winters ago to 12,852 households during the 2023-2024 season.

    Speake said the increased demand was largely because more households qualified for assistance as inflation and energy costs increased.

    Anybody applying for the federal program is not supposed to apply directly through the utility company, but instead go through Pikes Peak United Way or the Colorado PEAK website for state benefit programs to check their eligibility.

    “By sending them through those partners, they get more than utility assistance. They can help them with all the assistance they might need” Speake said.

    Colorado Springs Utilities offers year-round utility payment assistance through Project COPE. The assistance program offers utility support to people going through crises and emergency situations on a short-term basis. Speake said the program does not turn away any eligible households that ask for assistance.

    Project COPE has also seen a growing demand for assistance its emergency assistance. The annual aid provided had risen from $1.1 million near the end of October 2023 to $1.7 million through the same point in 2024. 

    Beginning Friday, Speke said people applying for utility assistance will have to check their eligibility for LEAP before they can apply for Project COPE.

    “We want to use all the federal dollars before we can use our smaller pot of money,” Speake said.

    All households that are eligible for LEAP benefits also qualify for the Home Efficiency Assistance Program run by Colorado Springs Utilities and the Energy Resource Center. The HEAP program offers energy audits and potentially free home improvements to help households use less energy during the winter.

    Utility rate costs for residents are expected to increase across the board in 2025 based on the proposed Colorado Springs Utilities budget. The average customer will pay $14 more per month across all utilities next year, according to recent budget presentations.

    The utilities budget included a five-year plan for base rate increases continuing through 2029 to pay for a series of major capital improvements for energy generation and wastewater system expansions.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Bank of America’s US stock market outlook November 2025: November could be a stock market goldmine — here’s where Bank of America says to bet big

    Stock Market

    How Advanced Conductors Are Helping Utilities Deliver More Power Quickly

    Stock Market

    X-energy sister company contracted for in-space nuclear technology

    Stock Market

    What Can People in the UK Expect From the Arrival of 6G Technology?

    Stock Market

    Why Did Stock Market Fall Today? Key Factors Behind Sensex, Nifty Decline On October 31 | Markets News

    Stock Market

    Malaysia has seen 4 times more foreign capital outflow from stock market this year. What’s at play?

    Stock Market
    Leave A Reply Cancel Reply

    Top Picks
    Investments

    Canada’s pension fund accused of not factoring climate in investing

    Stock Market

    3 High-Yielding Dividend Stocks That Are Trading Near Their 52-Week Lows

    Commodities

    Il faut garantir l’accès à l’eau de façon pérenne pour l’agriculture

    Editors Picks

    Gold gains as soft US data pressures dollar, fuels rate-cut bets

    August 12, 2025

    Swedish Logistic Property refinance 2,8 milliards de couronnes de prêts

    June 24, 2025

    Johor sets the standards with agricultural exports

    April 29, 2025

    ‘A game-changer in the blockchain industry’

    April 13, 2025
    What's Hot

    pour recycler le métal, Paprec ouvre un nouveau site à Saint-Pierre-des-Corps

    June 16, 2025

    Multi Commodities Exchange to launch electricity futures on July 10

    July 4, 2025

    Gov. DeSantis’ property tax cut push in Florida fails but will be back

    June 23, 2025
    Our Picks

    Trump arrives at Mar-a-Lago as opposition in Palm Beach County swells

    March 7, 2025

    Hong Kong to strengthen fintech cooperation with Middle East region-Xinhua

    October 28, 2024

    Bitcoin Rises Above $62,000 Overcoming Downward Trend

    August 9, 2024
    Weekly Top

    ‘Tennis gave me purpose when I was lost’

    November 1, 2025

    Bank of America’s US stock market outlook November 2025: November could be a stock market goldmine — here’s where Bank of America says to bet big

    November 1, 2025

    Fintech unicorn Pine Labs’ IPO opens on November 7, total issue size to be around Rs 3,500 crore

    November 1, 2025
    Editor's Pick

    Twisted Metal’s Cast Talked To Me About That ‘Weird As Hell’ Orgy Scene, And The Details Are Both Hilarious And Icky

    August 8, 2025

    How to Avoid Capital Gains Tax on Cryptocurrency

    August 17, 2025

    Towards an Agricultural Price Commission: Safeguarding Farmers’ Livelihoods

    August 24, 2025
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.