Approved changes to SRP residential price plans

Base rate and FPPAM changes

The approved changes will result in an overall 2.4% price increase for SRP customers. This price change reflects an increase of $169 million 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 of $68.7 million in fuel and purchased power revenues, which are recovered through the Fuel and Purchased Power Adjustment Mechanism (FPPAM) rate.

Effective with the November 2025 billing cycle, the average residential customer using 1,117 kilowatt-hours (kWh) a month will see a monthly bill increase of 3.5%, or $5.61. Actual bill impacts will vary based on customer usage and price plan.

View the Standard Electric Price Plans Prices Effective with November 2025 Billing Cycle.

Monthly service charge updates

Your monthly service charge (MSC), which helps cover the costs of customer service, billing and your connection to the grid, is currently $20 (or perhaps $32.44 or $45.44 if you’re a solar customer). Starting with the November 2025 billing cycle, your MSC will be based on which MSC tier you are in.

MSC Tiers

• Tier 1: If you’re in a multifamily home (apartment, condominium, townhome), your MSC will be $20.
• Tier 2: If you’re in a typical single-family home, your MSC will be $30.
• Tier 3: If you’re in a home with a large electric service entrance, your MSC will be $40. About 3% of SRP residential customers fall into this category. 

To learn which tier you might be in, view the MSC factsheet.

Current price plan freezes

As part of the public pricing process, the publicly elected SRP Board has approved a plan to freeze several of the current price plans as of the November 2025 billing cycle. With this approval, no new customers will be able to participate in the frozen price plans after the October 2025 billing cycle. The frozen price plans will be eliminated by the November 2029 billing cycle.

Plans to be frozen as of the November 2025 billing cycle:

• E-21 EZ-3 Price Plan (3–6 p.m.)
• E-22 EZ-3 Price Plan (4–7 p.m.)
• E-26 Time-of-Use Price Plan
• E-29 Electric Vehicle Price Plan

Residential solar price plans to remain open until the November 2029 billing cycle:

• E-13 Time-Use-Export Price Plan
• E-14 Electric Vehicle Export Price Plan
• E-15 Average Demand Price Plan
• E-27 Customer Generation Price Plan

For reference, please see current plans.

New price plans – Effective November 2025 billing cycle

Economy Price Plan changes

SRP will increase the Economy Price Plan bill credit for customers between 0-150% of the Federal Poverty Level (FPL) from a $23 to $35 a month bill credit and expand eligibility for customers at 151-200% of FPL, who will receive a $10 a month bill credit. SRP will also provide $5 million a year to support its bill assistance program, which is administered through Wildfire. These changes go into effect during the November 2025 billing cycle. This results in nearly 93% of customers on the Economy Price Plan receiving a bill decrease. When system capability allows, the bill credit will be a percentage of the customer's bill, based on the customer's household income.

For reference, see current plan.

Questions

If you have questions about the approved price plans, please contact SRP Customer Service at (602) 236-8888.