Title
Potential Rate Tiers for FY19 Budget (NB)
Explanation
Over the past several weeks the General Manager and CFO have met individually with City Commissioners to discuss the upcoming FY19 budget process. During these discussions, interest has been expressed in reviewing several potential electric rate tiering structures:
• Single tier
• The existing two-tier structure with a break at 850 kWh
• A two-tier structure with the break at 750 kWh
• A three-tier structure with breaks at 500 kWh and 1,000 kWh
At a recent workshop Utility Advisory Board members expressed interest in a high-demand residential tier.
Fiscal Note
None.
Recommendation:
The City Commission and the Utility Advisory Board discuss and provide direction for electric rate tiers to be developed for the FY19 budget process.