The SRP Council hosts a second meeting for the offered price increase – Daily Independent

The publicly elected Board of Directors of the project of Salt River will hold its second of four planned special meetings of the Board of Directors to learn more about the proposal for pricing of the CRP and to take public comments on February 6th.

The meeting is held on Thursday, February 6 at 9:30 am in the SRP public administration building. Participants must submit a valid state ID card and register with the SRP Security Bureau, according to a press message.

SRP’s proposal is looking for a total of 2.4% price increase, which reflects the proposed increase of $ 169.1 million in base revenue to support the improvements to the electricity system and the estimated reduction of $ 68.7 million and purchased energy revenue that is purchased They are refunded through fuel and purchased power control speeds, the publication explained.

If approved by the SRP Board of Directors, the average residential client using 1117 kilowatt hours per month will monitor a monthly increase in the account of 3.5%, or $ 5.61, effective from the invoicing cycle in November 2025.

The actual effects of the account will vary depending on the use and price plan of the customers.

Other elements of the proposal for the pricing process include:

• Increasing the price plan for an economy with limited income loan up to $ 25 per month and expanding the eligibility of the program so that more customers can participate;
• Arranged residential monthly service fees;
• New price plans with super-piking times for use;
• Freezing a new participation in some current price plan for use.

Live Watching Live Watch through Zoom will be available on srp.net/srppricesS There are no comments from online viewers, but comments and questions can be sent through the link above.

The SRP Board of Directors will carry out a detailed review of the proposal for pricing multiple special meetings of the Board of Directors and will consider public feedback before deciding, according to the announcement. This meeting will include presentations from stakeholders, additional public comments and responses from the management and board consultant to public comments.

Other special meetings of the Board of Directors are planned:

• Tuesday, February 11, at 9:30 am – interested parties, additional public comments and responses to consultants and on board of public comments
• Thursday, February 27, from 9:30 am – expected final vote

All approved changes will come into force with the invoicing cycle in November 2025, the statement said.