SRP Approves 3% Summer Bill Cut for May–October

The cut draws on a $56 million surplus in SRP’s fuel and power cost account to pass modest summer relief to customers.

Overview

Salt River Project’s board approved a temporary 3% reduction that will show up on bills starting in May and run through October 2026.
SRP estimates the average home will save about $5 to $5.57 per month, though actual savings will depend on how much power a household uses and which price plan it is on.
The utility is using an estimated $56 million surplus in its Fuel and Purchased Power Adjustment Mechanism to fund the drop.
That mechanism is a pass‑through that collects the real costs of fuel and purchased power, such as natural gas and power bought from solar, wind, storage, or the market, and SRP adjusts it as those costs change.
SRP said stronger retail sales and lower natural gas and power prices helped create room for the cut, and it will keep watching these costs to decide if more changes are needed.