Get an optimized rate plan designed specifically for you with proposed changes to rates and the impact on your revenues.
Rate Design Overview
Costs of providing utility services change frequently, and updating rates is necessary to help ensure revenue stability. We’ll use information gathered from your cost of service study and financial projection to propose a rate design for your various customer classes. This rate design will help you move toward cost of service, minimize rate impacts on customers, and meet targeted revenue requirements.
Key Elements of Rate Design
With the information gained from a cost of service study, we’ll develop a plan to adjust your current rates. This includes an overall rate change and adjusting each customer class toward cost of service.
We’ll work together with your team to fine-tune and finalize your updated rate design by detailing:
- Changes in individual rate components for each class
- Customer impacts at various usage levels
- Overall revenue generated