New Year, New Idea on How to take Control of Energy Budget

New Year, New Idea on How to take Control of Energy Budget

Like most college students, Jesse Fernandez does all he can to make ends meet. He and his three roommates share a house and split living expenses. Knowing exactly what he can afford to spend every week is crucial for the 21-year-old food server. By signing up for Salt River Project’s M-Power Price Plan, Fernandez says he has one fewer thing to stress about. “My parents used M-Power with SRP when I was growing up and it always worked for us,” said the Arizona State University marketing major. “And it just seemed perfect for us in our roommate situation.”

M-Power is SRP’s prepaid price plan that allows customers to decide exactly how much they want to spend on their home energy use, so there are no monthly bills. Customers such as Fernandez decide how to budget their energy costs and then use M-Power smart cards to purchase energy.

“It is so much easier to manage. Here’s how we do it: We each have a $30 round,” Fernandez explained. “For example, this week, Matt started out with his $30 round of loading the M-Power card, then it’s Katelyn, Jack and then me. Even when we get new roommates, they think it’s an awesome idea.”

On average, M-Power customers reduce their energy usage 12 percent each year by monitoring and managing electricity use. After enrolling, an M-Power meter is installed at the customer’s home and they receive an in-home display to monitor their energy use and cost. They also receive smart cards to purchase energy from any of the 126 SRP PayCenter® locations.

For 61-year-old Lori Quade, it was the ideal option since she could not afford the utility deposit after her dad passed away. After two years, she has not switched to another price plan.

“I like being able to see how much energy I use each day and being able to budget,” said Quade. “I’m on a strict budget and my friends think I’m a bit of a freak now about my power and finding out where it really drains. TVs are energy hogs.”

Having no upfront costs or late fees is a huge incentive as well for Fernandez and his roommates. The college student says that by knowing how much they’re spending in real time, they are less wasteful and more aware of the energy they consume.

“It’s one of my New Year’s resolutions to budget better. And M-Power helps me to conserve and be a little bit better with how I treat the electricity,” said Fernandez. “Whenever the box gets down to $10 and we hear that beep, we all turn off our fans and unplug our chargers from the wall.”

To learn more or sign up for M-Power, visit www.srpnet.com/mpower or call (602) 236-8888. SRP is upgrading M-Power meters and in-home displays, which will soon enable customers to view daily usage history online and purchase power using PCs, laptops and smartphones. M-Power is the largest prepaid electricity program in the U.S. with more than 150,000 participants.

SRP is the nation’s third-largest public power utility and the largest provider of electricity to the greater Phoenix metropolitan area, serving more than 1 million customers. SRP also delivers about 800,000 acre-feet of water annually to agricultural, urban and municipal water users.

BLOG COMMENTS POWERED BY DISQUS