PHOENIX — A new rate hike for SRP power customers, now in effect, is higher for homes than for businesses, including data centers.
The new rate plans are expected to amount to the following average increases:
- Homeowners without rooftop solar: 3.5%
- Homeowners with rooftop solar: 5.5%
- General Business Customers: 1.3%
- Large Business Customers (including data centers): 1.3%
“I worry about my neighbors”
A rate increase is the last thing Phoenix homeowner Crystal Carrillo needs. She tightly monitors her energy expenses on a monthly spreadsheet and keeps her AC at 84 degrees during the day. Her home insurance premiums, car insurance, and grocery bills have all risen significantly in the last two years.
“It’s not just electricity we’re seeing an increase in—it’s every bill required to live,” Carrillo said. “I worry about my neighbors. We have retirees that live in this community. Young families. Multi-generation families under the same roof.”
SRP customer bill impact is 24% higher since 2021
Although SRP had not raised base rates in six years, customers nonetheless have faced higher bills due to surging fuel prices…