It is important for BPUB to deliver high-quality utility services while maintaining rates that are fair, transparent, and financially sustainable for all customer classes, ensuring electric and water rate structures reflect actual costs, reducing cross-subsidization, and ensuring revenue stability.
Current rate structures create imbalances across customer classes, with commercial customers subsidizing residential rates and fixed costs being recovered through variable charges, constraining BPUB’s ability to invest strategically and recover costs sustainably.
BPUB will align rate and fee structures across customer classes to better reflect actual cost of service.
BPUB will conduct a comprehensive evaluation of current electric rate structures and develop a set of recommended alternatives for electric residential, commercial & industrial customers.
BPUB will conduct a comprehensive evaluation of current water & wastewater rate structures and develop a set of recommended alternatives for water & wastewater residential, commercial & industrial customers.
BPUB will use reserves and hedging strategies to mitigate energy market volatility.
BPUB will optimize and continue to utilize the Power Supply Reserve Fund (PSRF) as a hedge to protect customers from cost spikes in energy purchases and fuel.
BPUB will maximize external funding opportunities to offset capital costs.
BPUB will explore securing external funding: grants, incentives, private capital to reduce reliance on internal debt and ratepayer funded capital for new generation projects.
