Electric: Proposed Rates
The City of Riverside Public Utilities department has submitted a five-year rate plan proposal to the Board of Public Utilities and City Council for electric rate increases.
The current electric rate plan expires on December 31, 2023.
The Why
Increased costs for natural gas
To meet City Council approved Electric Fund Balance reserve levels to demonstrate and maintain strong bond ratings, which allow the City to finance future projects at the lowest cost possible.
Needed routine maintenance, repairs/replacements and to continue exceptional service levels along with funding construction projects to ensure the current and long term viability of the electric grid.
Community Information
- June 12, 2023 | Board of Public Utilities
Meeting Details | Agenda
Electric Report | Electric Presentation
Electric Cost of Service Analysis (COSA) - June 27, 2023 | City Council
Agenda | Electric Report | Electric Presentation - Community Meetings
July 31, 2023 | 6:30 PM - Orange Terrace Center - Ballroom
August 3, 2023 | 6:30 PM - La Sierra Senior Center - Ballroom
August 8, 2023 | 6:30 PM - Bobby Bonds/Cesar Chavez Community Center Auditorium - August 28, 2023 | Board of Public Utilities
Public Hearing
Meeting Details | Agenda - September 19, 2023 | City Council
Public Hearing
Meeting Details & Agenda Coming Soon
The Why - Inflation
The Why - Costs for CAISO Market Energy
History of Electric Rates
Current Rate Plan Expires 12/31/2023
Electric Rate Plan Comparison
Proposed Electric Rate Increases |
|||
|
Years |
Residential |
Commercial-Flat |
Industrial TOU |
|
January 1, 2024 |
7% |
3% |
6% |
|
January 1, 2025 |
7% |
3% |
7% |
|
January 1, 2026 |
7% |
3% |
6% |
|
January 1, 2027 |
2% |
3% |
4% |
|
January 1, 2028 |
2% |
3% |
4% |
Save on Your Bill
Riverside Public Utilities offers many residential and commercial rebate programs designed to help you save money by conserving water and electricity. Learn more about our assistance programs, off-peak pricing, and rebate programs by visiting: