PHOENIX — Salt River Project’s Board of Directors will be voting later this month on a summer rate decrease, which would save residents about $5 a month.
The board is looking to offer a 3% price decrease through its Fuel and Purchased Power Adjustment Mechanism.
The entire board will be voting on the proposal at a special meeting on March 26.
If approved, the decrease would be effective starting with the May 2026 billing cycle, continuing through the October 2026 billing cycle.
SRP says an average residential customer would see a savings of $5.57 per month.
ABC15 has reported extensively on utility prices and changing rates, including multiple proposed rate increases. See some of our recent coverage:
