Riverside Public Utilities

Electric: Proposed Rates

Continuing the Legacy

Electric Rate Plan 2023/24 – 2027/28

On September 19, 2023, the Riverside City Council approved a five-year rate plan for the City of Riverside Public Works Solid Waste service rate structure. New electric rates go into effect on January 1, 2024. These rates provide for a gradual increase in rates through fiscal year 2027/28.

The current electric rate plan expires on December 31, 2023.

 

Back to Adopted Rate Plans

 

Electric Proposed Rate

 

The Why


Inflation – Increased construction/equipment costs

 

Increased costs for natural gas

 

Costs for CAISO Market energy have gone up 60%-80%

 

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.

 

Presentation

 

Community Information


 

View FAQs
Solid Waste Proposed Rate

 

 

History of Electric Rates

 

Current Rate Plan Expires 12/31/2023

 

Electric Rate Plan Comparison

 

 

Adopted Electric Rate Plan

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%
 
average cost per day over 5 years is $0.21 for residential, $0.21 for commercial, and $45.98 for industrial

 

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:

 

Assistance Programs    Rebates

 

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