Temporary reduction in July and August will save typical electric customer more than $15
SRP’s Board of Directors has approved an overall average 3.7 percent decrease in electricity prices for the two hottest months of this year. The decrease will save the typical residential customer about $7.60 per month, or about a combined $15.20 for the July and August billing cycles.
SRP’s publicly elected board made the decision during a special meeting June 23.
Proposed price increase focuses on maintaining reliability, meeting increasing demand and paying for environmental requirements.
We wanted to give you a heads up that on Dec. 12 SRP will open a public process to consider an overall average price increase of 3.9%. This equates to about $4 to $8 more a month for most residential customers, depending on their price plan and energy usage.
If our publicly elected Board of Directors approves this proposal – which includes an adjustment to the way new solar customers are billed – the price increase would appear on electric bills beginning in April 2015.
You might be thinking: “Didn’t SRP just raise prices?” The answer is no. The last time our prices increased was more than two years ago. Because we are a community-based, nonprofit utility, SRP still offers some of the lowest energy prices in the Southwest.