New Electric Rates in Alameda Starting July 1

New Electric Rates in Alameda Starting July 1

At its regular meeting on April 25, the Alameda Public Utilities Board (PUB) approved a 5 percent overall rate increase for residential and commercial customers which is set to go into effect on July 1.

This will be Alameda Municipal Power’s (AMP) first rate increase since 2019. AMP’s rates will still average about 35 percent lower than those in neighboring communities. AMP will continue to provide 100% carbon-free energy to all customers.

PUB recognized the lingering effects of COVID-19 on Alameda’s residents and businesses, but after two years with no rate increases is raising rates due to increased cost of purchasing power and funding of ongoing capital and maintenance projects. Capital projects that will be funded by this rate increase include upgrades to AMP’s substations and distribution lines.

“These projects will increase the lifespan of AMP’s infrastructure and keep Alameda at the forefront of innovation in the energy sector,” said AMP General Manager Nicolas Procos.

As far as dollars and cents, a typical residential customer with an average bill of $70 can expect to see an increase of $3.50 on their monthly bill. AMP is a community-owned and locally operated electric system and does not make a profit on rates. The revenue from electric sales goes toward the operation of the system, customer-facing programs, and to the community through annual transfers of $5.8 million to the city’s general fund for valuable community services.

Despite the increase in rates, AMP provides many incentives and rebate programs for residential and commercial customers. A variety of programs that focus on increasing energy efficiency will continue into next year, while several additional incentives and rebates will be created in the coming months. AMP encourages residents and businesses to take advantage of these programs as they may help offset the cost of rate increases. Additionally, AMP will continue to provide financial assistance for qualifying customers.

For more information about AMP, its incentives and rebate programs, or financial assistance, visit www.alamedamp.com.