In Santa Clara, the people have the power. All electricity in the city is provided by our community-owned, not-for-profit entity – Silicon Valley Power (SVP). We are among the few fortunate communities that have retained this setup: Only 14 percent of all electricity customers in the U.S. are served by public power. The public, local-ownership model ensures that the utility and the community’s interests are aligned. Our team here at SVP knows that when we’re all on the same team, there are a lot of benefits.
LOW, STABLE RATES
Silicon Valley Power provides the lowest electric rates of any utility in California serving more than 5,000 customers. We set our rates based on our operating expenses because we are a not-for-profit entity. Our stable, low rates mean residents can save for their families and businesses can count on Santa Clara as great place to grow their operations. In contrast, investor-owned utilities (IOUs) like Pacific Gas & Electric (PG&E) are tied to shareholders whose interests may not match up with those of the communities they serve. The difference that makes? Our community saves an estimated over $100M in electric costs annually.
CUSTOM COMMUNITY SOLUTIONS
As a public power entity, we can provide programs and services tailored to Santa Clara’s unique needs. We have invested in long-term power contracts from reliable, sustainable power sources and in critical infrastructure that will provide benefits for years to come. Programs like our energy-efficiency rebates are designed with Santa Clara residents in mind. Our community initiatives, such as our local scholarships, Neighborhood Solar Program, Tool Lending Library, and sponsorships, move our city forward. Similarly, when our community began to show interest in renewable energy, we started offering Santa Clara Green Power, our award-winning 100 percent green power option. The program launched way back in 2004, long before most utilities in the region provided comparable offerings. Santa Clara Green Power has been ranked in National Renewable Energy Laboratory’s (NREL) Top 10 Utility Green Power Programs for 11 consecutive years, has ranked fourth in the nation for its collective green power use by the EPA, and has offered green power rates significantly lower than those of surrounding communities.
LOCAL JOBS & EMPLOYEES
Operating locally also lets us create stable, rewarding jobs right here in Santa Clara. This means our customers are served by employees that know our city inside and out. So when you speak with an SVP team member on the phone, online, or in the community, you can feel confident that they are not only subject matter experts but Santa Clara experts. Learn more about some of our wonderful employees in our Meet Our Employees blog feature.
At Silicon Valley Power, we know that the local, not-for-profit utility structure we’ve had for more than 120 years is special and worth protecting. Cities around us that don’t have public power are starting to recognize its benefits and mimic parts of it. Some Bay Area cities are participating in Community Choice Aggregation (CCA), which procures power for a group of cities. This may better align power purchases with community interest in lowering carbon emissions, but infrastructure, programs, and customer service are still operated by an IOU. Only a community-owned and operated utility like Silicon Valley Power truly puts the power in the hands of the people and provides the full benefits of public power.