AMP Rates Rise July 1
Alameda Municipal Power (AMP) will increase its rates, on average, 2.5 percent on July 1. The Public Utilities Board approved the increase at its regular meeting on April 15.
According to the release announcing the increase, AMP’s rates will still average approximately 16.5 percent lower than those in neighboring communities. Typical AMP residential customers with average bills of $63 can expect to see $2 tacked on to those bills.
“By comparison, PG&E’s average electric bill in neighboring communities is $76,” AMP stated. “The percentage of the increase will vary depending on the customer’s rate class. Residential customers will see an increase of up to 2.9 percent.”
As a community-owned and locally operated electric system, AMP does not make a profit on rates. The revenue from electric sales pays for operation of the system. The utility transfers $5.5 million to the city’s General Fund each year.
To learn more about AMP, visit www.alamedamp.com.