SRP Plans 3% Utility Rate Cut for Summer
Salt River Project to Cut Utility Rates by Three Percent This Summer
Salt River Project (SRP) is planning to reduce utility rates by three percent this summer, aiming to alleviate customer bills. The cut targets fuel and purchased power costs, with an average household expected to save around five dollars and fifty-seven cents each month. The board will vote on this proposal during a special meeting on March twenty-sixth, and if approved, the lower rates will take effect from the May twenty twenty-six billing cycle until October. This move comes after years of rate hikes from utilities across Arizona and is a targeted relief effort focused on summer peaks when air conditioning usage is high, without changing base rates.
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