Riverside Public Utilities
1 like481 views
Riverside Public Utilities (RPU) is a locally governed utility serving over 106,000 electric customers in Riverside, California. RPU has established several electric rate and incentive tools to support business growth, including an electric rate freeze through 2014, a Temporary Economic Development Rate providing reduced rates for new businesses, and incentives for commercial and LEED-certified construction projects exceeding energy efficiency standards. RPU aims to deliver low, predictable utility rates and incentives to support economic development in Riverside.
Riverside Public Utilities
- 1. Electric Rate and Incentive Tools Riverside Public Utilities
- 2. RPU established 1895 Customer owned water & electric utility Locally governed and managed 106,000 electric customers 308,000 population 12th largest city in California Riverside Public Utilities (RPU)
- 3. Riverside Public Utilities AAA credit rating for water AA- credit rating for electric 20% Renewable Energy $400 million annual electric & water operating revenue RPU water and electric rates among lowest in region
- 4. RPU Electric Rate and Incentive Tools RPU Electric Rate Freeze Temporary Economic Development (TED) Rate Commercial Construction Incentives LEED Construction Incentives
- 5. Electric Rate Freeze City Council approved a rate freeze July, 2010 City Council extended rate freeze through January, 2014 Provides customers rate certainty and predictability Helps customers budget expenses and control costs Benefits customers not reached through other ED tools Rate freeze delivers pro-business message
- 6. Temporary ED (TED) Rate Approved by City Council September 11th, 2012 Targets medium and large businesses; currently not open to government entities Temporary Economic Development Rate New businesses within RPU territory Requires Projected demand ≥ 20 kW Electric rate reductions: 30% through December 31, 2013 20% through December 31, 2014 10% through December 31, 2015 5-year rate contract
- 7. Commercial Construction Projects exceeding Title 24 baseline standards Incentive amount is $0.05 per kWh saved above Title 24 standard within the first year Total Incentives up to 50% of the project cost, or $150,000 maximum rebate Commercial Construction Incentives
- 8. Non Residential New Construction Projects exceeding Title 24 baseline standards Incentive amount is $0.06 per kWh saved above Title 24 standard within the first year Total Incentives up to 50% of the project cost, or $180,000 maximum rebate Building must be LEED Certified LEED Construction Incentives