Salt River Project customers will see the effect of a 2.4% price increase in this month’s billing cycle.
The change was approved earlier this year by the SRP board of directors to support “ongoing reliability, expand low-income bill assistance and provide super off-peak pricing that takes advantage of abundant low-cost utility scale solar,” officials of the Tempe-based utility stated in a release.
The 2.4% hike reflects an increase of $169 million in base revenue to support upgrades to the electric system and meet the cost of customer programs, among other things, according to the release…