In addition to competitive rates and reliable power, the City of Riverside Public Utilities Department offers a multi-year, reduced rate tariff to large or high-tech customers within the City of Riverside.  Open to new or expanding customers, the Economic Development Rate provides 40% electric rate reductions in year one and 20% in year two of a four-year agreement.  The rate for the third year may not increase more than 105% of the year one Published tariff, and the fourth year may not increase more than 110% of the year one Published tariff.  In some cases, the total combined savings over the term of the agreement could be enough to cover the costs of moving.

Guidelines

Participation is reserved for new or expanding electric customers of the City of Riverside that are commercial or industrial end-users and are approved for this rate by the Economic Development Corporation (EDC).

A new customer shall be a customer locating in Riverside within one year prior to the effective date of the Economic Development Rate Agreement and must be:

• A customer with demand of 500kW or greater.
• A customer that is a research, development, or technology business with a Standard Industrial Classification (SIC) code of 7371, 8711, 8713, or 8731 through 8734, Industry Group 357, 367, 381, 382, 384, and 781.

Some examples of entities with these SIC codes include:

• Physical and biological research centers.
• Economic, sociological and educational research centers
• Engineering and surveying services.
• Testing laboratories.

An expanded load customer shall be an existing customer of Riverside Public Utilities that is adding new load greater than 20% of the existing base usage or 50kW:

At it's current site; or

• At a new site in Riverside to which it is relocating operations.
• At an additional site in Riverside with similar operations to existing site.

Applications of this rate will be subject to the approval of the Economic Development Corporation (EDC). EDC's approval shall be based on guidelines established by the City of Riverside Public Utilities and the City of Riverside City Council.

The Economic Development Rate, Schedule ED is available for viewing and download in PDF format by clicking here.

To inquire if your business qualifies for the Economic Development Rate call:
951-826-5475