No rate increase in 2018. The combination of heavy rains and snow last winter (which created an abundance of low-cost hydro power) and significant revenue increases from our data center sector eliminated a projected budget shortfall. Electric rates are now projected to remain flat for a couple of years.
It’s hard to maintain the lowest electric rates among the nearly 30 electric utilities in California with more than 10,000 customers, but we did it again in 2016. Silicon Valley Power saves Santa Clara residents more than $20 million and businesses over $100 million each year compared to our neighboring communities.
Thanks to 10-day weather forecasts, Silicon Valley Power plans ahead by increasing staffing levels and checking availability before every storm.
According to PlugShare, Santa Clara now has over 350 public electric vehicle (EV) charging stations.