SRP Residential Demand Price Plan Pilot

How it works  

The Residential Demand Price Plan offers price breaks for customers who can be conscious of when they use energy and how much energy they’re using at one time.  

To save on this plan, you’ll want to stagger the use of major appliances during on-peak hours. Putting appliances on a timer or an automated schedule can help.

You’ll pay less for energy all other hours, including weekends and on six observed holidays .

Understanding demand

With proper on-peak demand management, the Residential Demand Price Plan allows you to cut monthly energy costs. Billed demand has a unique and controllable pricing structure.

You can think of demand like a speedometer on a car. Using multiple appliances at once is the equivalent of driving fast; it uses more power at one time. On this plan, the goal is to drive at a slow and steady pace. You can do that by spreading out your energy use — staggering the use of major appliances — during on-peak hours.

Monthly demand charge

During on-peak hours, your household demand is measured in 30-minute intervals on the hour and every half-hour — from 2–2:30 p.m. and 2:30–3 p.m., for example.

A monthly demand charge is calculated per-kilowatt (kW), based on the interval in which your home uses the most electricity during on-peak hours.

Pricing

On this plan, your bill is calculated based on three charges:

• Energy charge – This is the amount of power you consume over time. It’s measured in kilowatt-hours (kWh). Your monthly energy costs reflect how many kWh of energy your household has used during the billing cycle.
• Demand charge – The demand charge is based on 30-minute intervals during on-peak hours when your home uses the most electricity and that electricity is most expensive.
• Monthly service charge – This plan includes a monthly service charge that helps cover the costs of grid access and maintenance. For most residential customers, the charge is $32.44, although those with larger homes may pay up to $45.44 per month.

Ready to change your price plan?   

Changing to this price plan may require SRP to complete a meter exchange at the location. Think the Residential Demand Price Plan would be a good fit for your household and lifestyle? Visit SRP My Account™ or call (602) 236-4448(602) 236-4448. We’re here to help Monday–Friday, 7 a.m.–7 p.m.

Residential Demand vs. Time-of-Use (TOU) – What’s the difference?

Both the Residential Demand and TOU price plans both offer price breaks for shifting your energy use to off-peak hours, but there are some key differences.  

• Energy pricing on this Residential Demand Plan is about half the rate of the TOU plan.  

• This Residential Demand Price Plan offers a cost incentive for keeping your household on-peak demand low by providing tiered kW pricing. 

• On this plan, the monthly service charge for most residential customers is $32.44. It’s $20 on TOU. The service charge is higher on this plan than on TOU because TOU customers pay a higher energy charge, and grid costs are partially collected through those rates.

For more information, see our Compare Price Plans page.