The electric bill in Arizona is shifting—literally. SRP (Salt River Project), a major regional utility, has unveiled new pricing plans taking effect in November 2025. These moves aren’t random—they reflect system-wide upgrades, sustainability goals, and a push toward greater fairness in rate design.
Framed as a complex balancing act, SRP is raising rates modestly while expanding income‑qualified discounts and launching time‑of‑use (TOU) options that encourage solar adoption and load shifting. The net outcome? A mosaic of new choices and savings that merit unpacking.
SRP’s board approved a base revenue increase—about $169 million—to fund grid upgrades and customer programs. At the same time, falling fuel and power costs are expected to offset part of that spend. In net terms, the average residential account (about 1,117 kWh/month) can expect a roughly 3.5% increase, equating to around $5.61 a month.
This dual strategy balances infrastructure investment with cost-sensitive affordability.
As a not-for-profit, SRP reinvests every dollar over expenses back into the system. This organizational structure enables them to evolve the grid while still aiming to keep prices among the lowest in the Southwest. It’s a rare model that inherently reinforces both reliability and fairness.
Starting November, your monthly service charge will no longer be one‑size‑fits‑all. Instead, charge tiers are based on dwelling type:
This structure better aligns cost recovery with customer utility needs.
Two brand-new TOU plans will debut:
Conserve 6–9 p.m. and Save (E‑28)
Super off‑peak: 8 a.m.–3 p.m. daily (when solar power is abundant)
On‑peak: Weekday evenings, 6–9 p.m.
Manage Demand 5–10 p.m. and Save (E‑16)
Super off‑peak: 8 a.m.–3 p.m. daily
On‑peak: 5–10 p.m. weekdays, with demand‑based billing
These complement existing TOU frameworks and reward customers who shift usage to the sunniest—and cheapest—parts of the day.
SRP is increasing its Economy Price Plan credit:
– Households at or below 150% of the federal poverty level now get $35/month (up from $23)
– Those at 151–200% of FPL receive $10/month
To strengthen support further, SRP commits $5 million annually to its bill assistance program, helping ensure nearly 93% of eligible customers still see monthly savings. That’s a critical nod to fairness as bills rise.
In a time when many utilities juggle aging infrastructure, renewable integration, and cost pressures, SRP’s approach nods to industry-wide shifts:
As one energy analyst put it:
“SRP’s hybrid strategy of modest rate adjustments, enriched low-income support, and TOU innovation is precise—it aligns infrastructure funding with real behavioral incentives while keeping affordability in view.”
It’s a nuanced model that balances competing priorities: cost recovery, sustainability, and social equity.
If you’re already on a plan like E‑13, E‑14, E‑15, or E‑27, note that those remain open through 2029. You can switch to the new TOU plans before then—or stay where you are until the old plans sunset. That flexibility eases the transition, especially for solar installers and long-time customers.
In essence, SRP’s upcoming changes reflect a layered strategy:
The transition may feel a little bumpy—prices are going up, after all—but the expanded choices and equity safeguards soften the edge. For savvy households, shifting energy use to daylight hours or enrolling in a new TOU plan could pay off.
Q: How much will my bill increase?
On average, about $5.61 per month—or 3.5%—for a typical residential user consuming ~1,117 kWh/month.
Q: Can low-income households still save money despite the rate hike?
Yes, nearly 93% of customers on the Economy Price Plan will actually see a net decrease, thanks to higher credits and eligibility expansion.
Q: What are the new TOU options and how do they help me save?
Two new plans feature super off‑peak rates during 8 a.m.–3 p.m. and on‑peak shifts to evening hours. Shifting use (like laundry or EV charging) into the off-peak can reduce the bill.
Q: Do I have to switch now?
Not at all. Current customers can remain on their existing solar or TOU plans until they are phased out by November 2029.
This update outlines SRP’s thoughtful mix of fiscal prudence, affordability, and innovation. For customers, understanding and capitalizing on new plans will be key to managing their energy costs in the evolving landscape.
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