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Proposed 5% Rate Increase for 2025
On Nov. 19, 2024, Silicon Valley Power (SVP) will propose a 5% rate increase to the City Council, set to take effect Jan. 1, 2025. This adjustment is necessary to manage rising material and construction costs, as well as to fund new projects and maintain reserves in line with city growth. Despite the increase, Santa Clara’s electricity rates will remain among the lowest for California utilities.
This rate adjustment is essential to maintaining a reliable power system for Santa Clara’s future.
For those looking to manage their energy usage and lower their electric bills, SVP offers a variety of online resources, including appliance rebates, energy-saving tips, and a Tool Lending Library to measure plug loads from devices like televisions, video game consoles, and computers. Visit SiliconValleyPower.com/Residents for more information.
Income-qualified customers may be eligible for a rate discount of up to 40%. Learn more and see eligibility requirements at SiliconValleyPower.com/Assist.
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