SANTA CLARA, Calif. – December 19, 2012 - Silicon Valley Power (SVP), the City of Santa Clara’s municipal electric utility, has announced that there will be no increase in electricity rates in 2013. Santa Clara customers, who already pay 25 to 45 percent less for electricity than utility customers in neighboring cities, have not seen a rate increase since January 2011.
“We have a responsibility to provide efficient, clean and reliable energy to our community, at the best possible rate,” said John Roukema, director of Silicon Valley Power. “Our efforts to obtain power from a variety of sources and negotiate favorable contracts allow us to provide our residents and businesses with reliable energy at the lowest average rate in California.”
Many other California electric utilities have raised rates one or more times in the past year.
“We’ve managed to control our costs while making improvements to our local grid, increasing our renewable energy resources, and maintaining reliability and customer satisfaction,” said Roukema. “This is great news for our customers and our community.”
SVP obtains 25 to 30 percent of its electricity from renewable sources such as wind, geothermal, and small hydroelectric generating facilities, well ahead of the state-mandated 20 percent renewable level targeted by most utilities in the state.
A survey in May by the California Municipal Rates Group found that SVP has the lowest average electricity rate in California.
About Silicon Valley Power
Silicon Valley Power (siliconvalleypower.com) is the trademark adopted for use by the not-for-profit electric municipal utility of Santa Clara, CA serving residents and businesses for over 100 years. SVP provides power to more than 50,000 customers, including Applied Materials, Intel, Owens Corning and Yahoo!, at rates 15 to 45 percent below neighboring communities.
Larry Owens, Silicon Valley Power
Dan Beerman, City of Santa Clara