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EV Charging Fee Analysis Redwood City, CA <br /> <br />Matrix Consulting Group 2 <br />The following table breaks out the total cost for the EV Charging stations by each of these cost <br />components: <br />Table 1: Total Direct and Indirect Cost – EV Charging Stations <br /> <br />Cost Category Total Cost <br />Annual Maintenance Cost $16,006 <br />ChargePoint Fees $8,510 <br />Annual Repair Costs $28,293 <br />Annual Electricity Cost $70,188 <br />Annual Replacement Cost $16,800 <br />Indirect Costs $18,450 <br />Total Direct and Indirect Costs $158,247 <br />The $158,247 is divided by the total kWh distributed in 2024 to calculate the cost per kWh. The following <br />graphic shows this calculation: <br />$158,247 = $1.24 per kWh 127,786.26 kWh <br />Based on the calculation conducted, the full cost associated with the Level I/Level II charging station is <br />$1.24 per kWh. This $1.24 per kWh does not include the 10% processing fee that ChargePoint assesses <br />on each transaction. To account for this additional processing cost, the updated cost would be $1.38 <br />per kWh. <br />The analysis conducted in 2023 indicated a full cost calculation of $2.23 per kWh. City Council adopted a <br />resolution to “phase-in” the increases to $2.23 per kWh gradually. As such, currently in 2025, the City only <br />charges $1.12 per kWh. The updated cost calculation only shows a difference of $0.26 per kWh. <br />COMPARATIVE INFORMATION <br />In addition to the full cost analysis, as part of this study, the project team collected information regarding <br />the fees charged by other surrounding jurisdictions. Along with that comparative information, where <br />possible, additional research was done regarding the types of costs included in the fees charged by <br />other jurisdictions. The following table shows the results of this comparative analysis: <br />Table 2: Total Direct and Indirect Cost – EV Charging Stations <br /> <br />Jurisdiction Fee Adoption Cost Components <br />San Carlos $0.25 2022 No information was available / provided <br />Menlo Park $0.32 2019 Electricity Only <br />San Mateo County $0.33 2021 Electricity Only + ChargePoint 10% <br />City of San Mateo $0.27 2015 Not even covering electricity <br />Millbrae $0.61 2025 Contract pass through <br />Based on the comparative analysis, the average fee amount per kWh is $0.36, which is almost $1.02 <br />lower than the City of Redwood City’s updated fee. Part of the reasoning for this is that the majority of <br />the agencies appear to be primarily focused on recouping electricity costs. However, even when that is <br />ATTACHMENT B7.B. - Page 7 of 8 <br />134