Search News

3 minutes reading time (593 words)

SRP Seeks 2.2% Price Decrease

The proposed decrease incorporates and is in addition to the decreases SRP implemented on a temporary basis earlier this year. If approved by SRP’s publicly-elected Board, the newly proposed price changes will appear on bills beginning with the May 2019 billing cycle. On average, SRP residential customers would have a proposed decrease of about $1.78 per month in their electric bill, although individual customer experiences would vary by price plan and the way they use energy.

According to SRP General Manager and CEO Mike Hummel, SRP has been able to keep prices stable for the past four years through prudent operations and management, strategic resource acquisitions and taking advantage of market conditions that have allowed SRP to generate a greater share of energy using lower-cost natural gas. Hummel added that because natural gas prices are projected to remain low, SRP can continue to pass those savings on directly to its more than 1 million customers.

While more than offset by a decrease in fuel expenses, the price proposal reflects a modest increase in base prices that will address investments needed to maintain reliability in the face of customer growth, support SRP’s commitment to increasing sustainable resources and adding new technologies such as battery storage, and reflect the shorter depreciable lives of SRP’s coal generation assets.

“Our customers expect affordable prices and excellent customer service from SRP and they desire a more sustainable future,” Hummel said. “This proposal balances our responsibility to maintain reliability, offer low prices and customer choices, and have financial flexibility that supports a transition to increased renewable energy technologies.”

In addition to an overall reduction in prices, the proposal includes a one-hour reduction in summer on-peak hours for some price plans from 1 - 8 p.m. to 2 - 8 p.m. The proposal also provides additional pricing options for residential customers who produce some of their own energy using rooftop solar or other technologies, including two non-demand time-of-use price plans and an average daily demand price plan.

Also included in the proposal is a significant increase in SRP’s Bill Assistance program. If approved, SRP will increase the amount they match to the SHARE program (Services to Help Arizonans with Relief on Energy) from $250,000 to a minimum of $500,000 annually for five years. SRP partners with the Salvation Army to provide energy assistance to those in need through SHARE by matching one-time or recurring donations made by SRP customers.

Detailed information about the price proposal can be found by visiting Customers and stakeholders can submit comments and questions on this website, or attend any of the upcoming public meetings:

Jan. 22, 6:30 – 9 p.m.
American Legion Hall 
6822 N. 57th Drive, Glendale 

Jan. 24, 6:30 – 9 p.m.
Gilbert Public Library
775 N. Greenfield Road, Gilbert

Board meetings

Feb. 18 and 26, March 4, 11 and 25, 9:30 a.m.
Arizona Heritage Center at Papago Park
1300 N. College Ave., Tempe

SRP is a community-based, not-for-profit public power utility and the largest provider of electricity in the greater Phoenix metropolitan area, serving more than 1 million customers. SRP also is the metropolitan area’s largest supplier of water, delivering about 800,000 acre-feet annually to municipal, urban and agricultural water users.

PCSO First Law Enforcement Agency to Participate i...
These new Arizona laws go into effect in 2019

Related Posts



No comments made yet. Be the first to submit a comment
Saturday, 18 May 2024

Captcha Image

My Account Menu

News Menu

Search News

Community Thoughts

Mailing Address:
530 E Hunt Hwy
Ste 103-262
San Tan Valley, AZ 85143

Text: 602.348.0238 is your #1 resource for anything in and around San Tan Valley, AZ. Focusing on uniting and promoting all that San Tan Valley has to offer for our visitors and residents, provides you with local area information & events, local business information, news, traffic alerts, and more!

© 2023, is owned & operated by MyBizNow LLC. All Rights Reserved. Material displayed is not to be used without written permission by representatives. You may not reproduce or communicate any of the content on this website, including articles, content, images and files downloadable from this website, without the written permission of representatives. Opinions and comments posted by viewers do not reflect the opinions of

As an Amazon Associate we earn from qualifying purchases.

© Copyright 2023. All Rights Reserved Site Developed & Maintained by
× Progressive Web App | Add to Homescreen

To install this Web App in your iPhone/iPad press icon. Progressive Web App | Share Button And then Add to Home Screen.

× Install Web App
Mobile Phone
Offline - No Internet Connection