Altus Power Results Presentation Deck
Utility Rate Pressure Building Rapidly
A
Existing Portfolio
Approximately 60% of Altus Power's
customer agreements are variable.
rate contracts, which means
revenues increase with utility prices
■
Benefitting From Rising Contract Prices
An additional approximately 15% of
our contracts escalate at a set rate
for the life of the contract
New Additions
Continued utility rate pressure
expected to outstrip solar cost
inflation
We believe utility price inflation
drives increasing economic
advantage of installing solar
Census Division
and State
Breakdown of Current Portfolio (369 Megawatts)¹
Fixed Rate
w/Flat Fee
Massachusetts
New Jersey
Minnesota
California
J.S. Total
Variable Rate
Contracts
60%
25%
15%
Fixed Rate
w/Escalator
Change in Average Commercial Electric Rates Year over Year²
January 2022
20.3%
7.8%
13.8%
12.5%
10.2%
February 2022
17.0%
7.6%
13.6%
10.0%
2.3%
March 2022
12.7%
8.8%
14.6%
12.3%
5.4%
¹ Percentages shown are approximations as of June 30, 2022
2U.S. Environmental Protection Agency, "Electric Power Monthly" data
April 2022
9.9%
7.7%
8.1%
12.3%
9.1%
May 2022
5.9%
8.6%
8.6%
11.4%
11.4%
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