2024-2025 proposed rate changes
SMUD’s 2023 Chief Executive Officer & General Manager’s Report and Recommendation on Rates and Services proposes changes to SMUD’s rates, including:
- An increase in rates in 2024 and 2025 for residential and non-residential customers.
- Using non-retail rate revenue to provide more assistance to customers on the Energy Assistance Program Rate (EAPR) who need it most.
- Other minor miscellaneous rate updates.
Proposed rate changes
Changes for 2024 and 2025
The proposal includes the following rate increases for all customers:
- 2.75% effective Jan. 1, 2024
- 2.75% effective May 1, 2024
- 2.75% effective Jan. 1, 2025
- 2.75% effective May 1, 2025
SMUD is committed to keeping rate increases within inflation through 2030.
How will this impact my bill?
The increases will impact all customers differently, depending on how much electricity is used each month.
For the average residential customer, the rate increases would add:
- $3.61 per month beginning Jan. 1, 2024
- $3.72 per month beginning May 1, 2024
- $3.81 per month beginning Jan. 1, 2025
- $3.92 per month beginning May 1, 2025
As your community-owned, not-for-profit electric utility, our rates are among the lowest in California. If the proposed rate increases are approved, they'll continue to be over 50% lower than those of neighboring PG&E.
Why rate changes are needed
We work hard to control costs and operate as efficiently as possible. The need for the rate increases is due to several factors, including:
Infrastructure & reliability
Compliance to meet state
Vegetation management, wildfire
insurance & outage response
Inflation and supply
Opportunity for your input
Members of the public can ask questions and provide feedback about the Rate Proposal. You can attend our public workshops and hearing, or provide public comment to the proposed changes via email or mail.
All meetings will be conducted in a hybrid format via Zoom and at SMUD Headquarters Auditorium, 6201 S Street, Sacramento.
Written comments can be submitted by email to ContactUs@smud.org or by mail to:
P.O. Box 15830, MS B256
Sacramento, CA 95852-0830
Thursday, July 13 at 10 AM
Thursday, Aug. 3 at 5:30 PM
For in-person attendees who would like to make a verbal public comment (3-minute limit), please email PublicComment@smud.org to get in the queue the day of the event.
Wednesday, Aug. 30 at 6 PM
The SMUD Board of Directors will vote on the proposed rate change during its September meeting, Thursday, Sept. 21 at 6 PM
Additional proposed changes
Additional discount for our most vulnerable customers
We recognize the needs of the under-resourced community, particularly those who qualify for the Energy Assistance Program Rate (EAPR). The current EAPR discount is based on income level using the Federal Poverty Level (FPL) as the guideline, allowing more assistance for those customers that need it the most.
The proposal includes a recommendation to create an EAPR discount using approximately $2 million of non-retail rate revenue to increase assistance to those customers most in need, which fall in the range of 0-50% of FPL.
Holidays with off-peak rates
The proposal also recommends updating SMUD’s rate holidays to align with Federal holidays, including removing Lincoln’s birthday while keeping President’s Day, adding Juneteenth, and revising Columbus Day’s name to also include Indigenous Peoples’ Day.
Other minor changes included in the proposal are updates to the Generator Standby Charge, changes to the Hydro Generation Adjustment (HGA) tariff, including a methodology to bill unauthorized use of non-residential service, and removing legacy rates that are no longer used.