City of Alameda’s Electric Rates to Change in July
Electric rates will change on July 1 for residential and commercial customers. At its April 23 meeting, the city’s Public Utilities Board approved a 1 percent overall rate increase for fiscal year 2019.
The increase, which goes into effect July 1, will help Alameda Municipal Power (AMP) fund improvements to its aging infrastructure, such as cables, poles, transformers and circuit breakers. AMP currently provides rates that average 17 percent lower than those in neighboring communities.
According to AMP, the rate increase will help the utility move toward a structure that ensures fairness for all customers by aligning the rates for each customer class with the cost of providing service. As a community-owned and locally operated electric system, AMP does not make a profit on rates.
Visit www.alamedamp.com for more information on AMP’s rates and how to manage energy usage.