Economic Development Rate
Find out if your business is eligible
Created to help grow jobs in California, our Economic Development Rate gives special discounts for businesses that require high-energy loads to operate, or continue operating, in California. If your new or existing, commercial or industrial business meets the following requirements, you may be eligible for this rate:
- New businesses with electric loads of at least 200 kilowatts (kW) that can’t be based in California without an Economic Development Rate.
- Existing businesses that add or retain at least 200 kW of electric load and would have to cease operating in California without the Economic Development Rate.
- Existing businesses that add or retain at least 200 kW of electric load and would have to relocate outside of California without an Economic Development Rate.
Learn the difference between standard and enhanced rates
Our Economic Development Rate is divided into two discount tiers, based on the location of your business:
- Standard Rate. This rate offers a 12 percent discount on electric rates for five years. Businesses throughout the PG&E service territory are eligible.
- Enhanced Rate. This rate offers a 30 percent discount on electric rates for five years, in cities and counties where the unemployment rate is at least 25 percent higher than the state average.
The Economic Development Rate is limited to a total program cap of 200 megawatts (MW).
Complete and submit an application to PG&E
The Governor’s Office of Business and Economic Development independently validates your eligibility.
Sign an affidavit
Sign an affidavit stating that without the rate, in conjunction with other incentives, you could not keep operating in California.
Allow PG&E to perform an energy audit of your facility
Allow PG&E to perform an energy audit of your facility, and recommend ways to save energy and reduce costs. You are strongly encouraged to make the recommended changes to achieve a five-percent energy saving over the life of the Economic Development Rate.
Provide annually a list of each job that was kept or created with the help of the Economic Development Rate program
Include the amount of wages and benefits for each job. Your information is kept confidential and in compliance as part of a report to the California Public Utilities Commission (CPUC).