ALAMEDA, CA — Time to budget more money for electric rates. Alameda Municipal Power (AMP) has approved a one percent overall rate increase. It will go into effect July 1.
The increase was approved at AMP's April 23 meeting.
The extra money will go for projects to improve aging infrastructure, such as cables, poles, transformers and circuit breakers. The rate increase also helps AMP continue to move toward a structure that ensures fairness for all customers by aligning the rates for each customer class with the cost of providing service. As a community-owned and locally operated electric system, AMP does not make a profit on rates.
Find out what's happening in Alamedafor free with the latest updates from Patch.
According to AMP, electric rates here average 17 percent lower than those in neighboring communities. In addition to covering the costs of electric service, AMP transfers more than $5 million to the city’s general fund each year.
AMP offers programs for customers who are having trouble paying their utility bills including an energy assistance program for qualifying low-income customers and a medical discount program.
Find out what's happening in Alamedafor free with the latest updates from Patch.
AMP has been providing service to Alameda for 131 years.
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