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SFPUC staff proposes rate realignment for Clean Power SF to preserve savings and shore up reserves
Summary
SFPUC staff proposed adjustments to Clean Power SF generation rates to maintain consistent customer savings versus PG&E and to improve reserves, projecting a $12.7 million revenue increase for FY2020; commissioners asked for follow-up once PG&E's final rates are set.
San Francisco Public Utilities Commission staff outlined a plan on May 28 to adjust Clean Power SF generation rates and related credits so customers continue to pay less than PG&E while the community-choice aggregation builds its financial reserves. Michael Hyams, director of Clean Power SF, told commissioners the program has enrolled more than 400,000 customer accounts and has a 3.1% opt-out rate and a 97% participation rate.
Hyams said Clean Power SF sent more than 1,000,000 enrollment notices during the four-month notice period. "Our program opt out percentage is now 3.1% since program launched," he said, and "the super green upgrade rate is also up, to…
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