On Feb. 27, 2025, the publicly elected SRP Board officially approved pricing changes as part of the public pricing process. The approved changes will result in an overall 2.4% price increase for SRP customers and will take effect starting with the November 2025 billing cycle.
This price change reflects an increase in base revenue to support upgrades to the electric system and meet the cost of customer programs, among other things. This is partially offset by a decrease in fuel and purchased power revenues, which are recovered through the Fuel and Purchased Power Adjustment Mechanism (FPPAM) rate.
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Important things to know: |
- The average residential customer (1,117 kWh/month) will see a 3.5% increase, or $5.61 more per month.
- Pricing changes reflect an overall 2.4% base rate increase and a $68.7 million FPPAM rate decrease.
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Several of the current price plans will be frozen as of the November 2025 billing cycle. Several new price plans will be added at the same time. Learn more about the frozen and new plans at srp.net/resprices.
- The Board approved an increase to the Economy Price Plan bill credit for customers between 0%-150% of the Federal Poverty Level (FPL) from $23 to $35 a month and expanded eligibility for customers at 151%-200% of FPL, who will receive a $10 a month credit.
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There will be two new residential price plans, available to customers with and without solar, with super-off-peak daytime TOU hours that are half the cost of SRP’s basic price plan.
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Starting with the November 2025 billing cycle, your monthly service charge (MSC) will be based on which MSC tier you are in. Determine your MSC tier at srp.net/msc.
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