CPA Board Approves FY 2022-2023 Rates and $15 Million Subsidy for Extension of Low Income Rate Freeze

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CPA Board Approves FY 2022-2023 Rates and $15 Million Subsidy for Extension of Low Income Rate Freeze

CPA Board Approves FY 2022-2023 Rates and $15
Million Subsidy for Extension of Low Income Rate Freeze

At the June 2, 2022, Board Meeting, the Clean Power Alliance Board of Directors adopted the fiscal year 2022-23 rates. Based on CPA’s cost-of-service for its three different rate offerings, the rates set Lean Power at a 1% bill discount to SCE, Clean Power at parity to SCE, and 100% Green Power at a 3% bill premium to SCE.

Additionally, the CPA Board focused on the needs of the most vulnerable members of our Los Angeles County and Ventura County service communities, with the understanding that many of our customers remain economically vulnerable as a result of the COVID-19 pandemic and continuing to experience high levels of economic distress.

To provide increased support, the Board approved a $15 million subsidy to freeze CARE, FERA and Medical Baseline rates at current levels until September 30, 2022, which will help CPA’s low-income customers keep their electricity bills low during the high usage summer months.
 
CPA also froze CARE rates at 2020 levels in 2021 to mitigate the impact of significant rate increases on vulnerable customers and based on customer feedback, concluded that this remains the most effective method of providing financial assistance to customers on monthly electricity bills. 

Founded in 2017, Clean Power Alliance is the locally operated electricity provider for 30 cities across Los Angeles County and Ventura County, as well as the unincorporated areas of both counties. CPA is the fifth largest electricity provider in California and the single largest provider of 100% renewable energy to customers in the nation, serving approximately three million customers via one million customer accounts, providing clean renewable energy at competitive rates.