Learn more about important pricing updates for SRP residential customers.

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.

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.
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.
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.
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.

Monthly Service Charge (MSC) tiers

Tier 1: If you’re in a multifamily home (apartment, condominium, townhome), your MSC will likely stay at the current amount of $20.
Tier 2: If you’re in a single-family home with average energy usage, your MSC will be $30.
Tier 3: If you’re in a home with a large electric service entrance (larger breaker panel or fuse box), your MSC will be $40. About 3% of SRP residential customers fall into this category.

Need more information?
To learn more about the the pricing changes, visit srp.net/srpprices or call (602) 236-8888.

Explore ways to save
Visit savewithsrp.com to find solutions that can help you lower your energy costs and manage your bill.

If you need assistance paying your bill, visit srp.net/help or call us at (602) 236-8888.  

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