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Clean Power SF proposes March rate cut, warns reserves will be drawn down
Summary
Clean Power SF staff proposed a midyear generation-rate reduction effective March 1 — a 25% cut for residential and large commercial customers and 20% for other classes — citing higher fund balances and recent PG&E charge increases that raised typical residential bills about $11 per month. Staff warned the change will use reserves and could require rate rebound by mid‑2027.
Clean Power SF staff proposed a midyear reduction in the program's generation rates that would take effect March 1 and reduce residential and large-commercial generation charges by 25% and other customer classes by 20%.
Cheryl Taylor, Clean Power SF's presenter, said enrollment and participation remain strong with a roughly 95% retention rate since the program began in 2016 and that the program's 100% renewable product accounts for about 19% of annual retail sales. Taylor gave the floor to the program's rates administrator, Matthew Freiburg, who described the financial context behind the recommendation.
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