Committee will explore causes of price increases, identify potential solutions to save people money on their energy bills
DENVER, CO – Senate President Steve Fenberg and House Speaker Julie McCluskie announced today that they are forming a Joint Select Committee to investigate the causes of Coloradans’ rising utility rates and explore potential actions to prevent future price hikes, saving Colorado’s working families money on their energy bills.The Joint Select Committee on Rising Utility Rates will seek expert testimony from utility companies, relevant agency staff, regulators, consumer advocates, and policy experts in order to better understand issues such as the impact of volatility in natural gas markets, the frequency and justification for rate increases sought by utilities, and other relevant factors.
“The recent spikes in energy prices have sent Coloradans’ utility bills through the roof, and it’s costing too many working Colorado families an arm and a leg just to heat their homes,” President Fenberg, D-Boulder, said. “Democrats are committed to making Colorado a more affordable place to live, which is why we’re convening this critical committee so we can uncover the root cause behind high prices and hopefully find solutions that will better protect consumers, improve stability, and save people money on their energy bills.”
"Shockingly high utility bills have left Coloradans from Denver to Dillon struggling to heat their homes during the coldest time of the year," said Speaker McCluskie, D-Dillon. "We need to get to the bottom of what's sticking hardworking families with unpredictable and far too expensive utility bills. We’re creating a bipartisan committee to dig into utility bill increases and target solutions that make our state more affordable."
The Joint Select Committee on Rising Utility Rates will meet at least three times, and will include lawmakers from both chambers and both sides of the aisle. Upon conclusion of the investigation, the Committee may suggest legislative avenues for the General Assembly to consider.