Proposed changes to residential price plans

Proposed changes to residential price plans

This proposal increases average residential bills by 3.5% ($5.61 per month), though actual impacts will vary by price plan and usage.

• 3.4% average increase ($5.51 per month) for residential customers without solar
• 5.5% average increase ($7.39 per month) for residential customers with solar

This proposal introduces two new time-of-use (TOU) plans, available to all residential customers, with 8 AM – 3 PM super off-peak prices that are more than 50% lower than basic plan prices, and designed to offer savings to customers who can shift energy usage:

Your monthly service charge (MSC), which helps cover costs of customer service, billing, and your connection to the grid, is $20.00 today (or perhaps $32.44 or $45.44 if you’re a solar customer). This proposal includes a tiered MSC for all price plans:

• If you’re in a multi-family home (apartment, condo, townhome), it stays at $20.00
• If you’re in a typical single-family home, it is $30.00
• If you’re in a home with a very large electric service entrance, it is $40.00. About 3% of SRP residential customers fall into this category.

This proposed change to the MSC is factored into the average residential bill increase of $5.61.

This proposal also includes an expansion to, and increase of, our limited income discount, making an estimated 100,000 + more customers eligible for a $25 a month credit through the Economy Price Plan. Learn more about the MSC and determine which Tier you are in, click here.

Under this proposal, to simplify our pricing, current TOU price plans will stop being offered to new customers and will be eliminated by November 2029. If you are on one of those plans, you can stay on that plan until it’s eliminated, or you can switch to one of our two new options starting in November 2025. We will continue to offer our Basic plan (E-23) and M-Power plan (E-24).