Expand / Collapse search
☰
Lake Wind Advisory
from SUN 8:00 AM MST until SUN 8:00 PM MST, Lake Mead National Recreation Area
6
Fire Warning
until SAT 11:25 PM MST, Graham County
Fire Weather Watch
from MON 12:00 PM MST until MON 7:00 PM MST, Northern Graham-Northern Greenlee-White and Gila Mountains, Eastern Pima-Southeastern Pinal-Santa Cruz-Western Cochise, Southern Graham-Central and Eastern Cochise-Southern Greenlee-Lower Elevations of the San Carlos Apache Nation in Graham County
Fire Weather Watch
from TUE 11:00 AM MST until TUE 8:00 PM MST, Eastern Pima-Southeastern Pinal-Santa Cruz-Western Cochise, Pima-South Central Pinal-Tohono Oodham Nation, Southern Graham-Central and Eastern Cochise-Southern Greenlee-Lower Elevations of the San Carlos Apache Nation in Graham County, Northern Graham-Northern Greenlee-White and Gila Mountains
Air Quality Alert
until SUN 9:00 PM MST, Maricopa County
Air Quality Alert
until SUN 12:00 AM MST, Cochise County

SRP board votes yes to increase rates

By , and
Updated  February 27, 2025 5:26pm MST
Consumer
FOX 10 Phoenix

SRP customers will see rate hike following board's vote

The Brief

    • SRP's board voted to increase rates for customers on Feb. 27.
    • The average residential customer will see their bills go up by about $5.61 per month.
    • The change will take effect in the November 2025 billing cycle.

PHOENIX - The electricity bill of many people in the Phoenix area will be going up after the Salt River Project (SRP) board voted on Feb. 27 to approve a rate increase.

What we know:

The rate hike proposal was announced on Dec. 2, 2024. According to a statement released at the time, the average residential customer that uses 1,117 kilowatt-hours a month will see their bill go up by $5.14.

SRP officials also say the proposal includes:

  • An increase in the limited-income Economy Price Plan bill credit to $25 per month, as well as expanded program eligibility
  • Tiered residential monthly service charges
  • New price plan with super-off-peak daytime time-of-use hours
  • Freezing new participation in some current time-of-use price plans

Dig deeper:

SRP says it's looking to increase its revenue base by $168.8 million in order to pay for power system upgrades, as well as addressing an anticipated $67.7 million decline in fuel and purchased power revenues.

"Our grid is undergoing a transformation in how energy is generated and the ways our customers are using it," said SRP General Manager and Chief Executive Officer Jim Pratt. "This proposal seeks to provide plans and options that meet our customers’ needs while ensuring we maintain the reliability and affordability that are critical to our communities."

What's next:

The price hikes will take effect during the November 2025 billing cycle.

The Source

  • Information for this article was gathered from the Salt River Project's website.

ConsumerPhoenixNews