The Salt River Project Board of Directors on Thursday approved a price increase for utility customers that will generate revenue to support things like upgrades to the electric system and expansion of low-income bill assistance, SRP officials said.

Effective with the November 2025 billing cycle, the average residential customer using 1,117 kilowatt-hours a month will see a monthly bill increase of 3.5% or $5.61. The actual effect on bills varies based on customer use and price plan.

 The  board last approved changes to base prices in 2019, according to a release from the Tempe-based utility.

“The approved proposal will allow SRP to continue to deliver affordable and reliable power and work toward achieving its sustainability goals in the most cost-effective manner while providing additional financial support for limited income customers,” SRP General Manager and CEO Jim Pratt said.

“As a not-for-profit utility, SRP seeks to keep rates low as we continue to evolve the grid and enhance customer service options.”

SRP’s original proposal was updated to reflect comments from customers. Some changes include:

• SRP will increase the Economy Price Plan bill credit for customers between 0-150% of the Federal Poverty Level from $23 to $35 a month and expand eligibility for customers at 151-200% of FPL, who will receive $10 a month.
   
• Residential solar price plans will remain open until the November 2029 billing cycle, allowing solar installers time to transition to new price plans and an evolving grid that includes more renewable generation, SRP officials said.

“The board of directors appreciates the input we received from the hundreds of customers, stakeholders and other members of the public during this extensive, three-month pricing process,” SRP President David Rousseau said.

“The approved proposal reflects many elements of this feedback while ensuring that SRP continues to support the needs of its customers with reliable, affordable and sustainable energy.”

Other elements of the pricing proposal that were approved include:

• Tiered residential monthly service charges based on dwelling type.
• Two new price plans with super-off-peak daytime time-of-use hours that are half the cost of the SRP’s basic price plan.

Information on bill assistance programs can be found at srp.net/heretohelp.

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