SRP electric rates
Updated October 7, 2026 · Source: EIA Form 861 (2024), 2025 pricing process (Board approved Feb 27, 2025)
Political Subdivision utility serving 1,053,407 homes in Arizona.
Your rate
Estimate your bill
It's on your bill, usually near the top. Starting at 1,211 kWh, the average for SRP homes.
This is an estimate. Tariff: $30.00 fixed + 12.1¢/kWh effective November 1, 2025 (source). E-23 Standard Price Plan (SRP's basic non-TOU residential plan), effective Nov 2025 billing cycle. Monthly service charge depends on dwelling/amperage tier: $20 (multifamily, Tier 1), $30 (typical single-family <=225A, Tier 2, used here), $40 (>225A). All-in per-kWh (delivery + transmission + ancillary + system benefits + generation + fuel & purchased power 4.67c): summer (May, Jun, Sep, Oct billing cycles) 12.10c; summer peak (Jul-Aug) 14.04c; winter (Nov-Apr) 11.03c. Excludes taxes. Your bill also includes taxes and fuel adjustments that change month to month.
Rate cases
| Docket | Status | Filed | Requested | Approved | Effective |
|---|---|---|---|---|---|
| 2025 pricing process (Board approved Feb 27, 2025) | Approved | December 2, 2024 | 3.5% ($169M) | 3.5% | November 1, 2025 |
2025 pricing process (Board approved Feb 27, 2025): SRP's elected board approved a 2.4% overall price increase ($169 million base revenue, partly offset by $68.7 million lower fuel costs) on February 27, 2025, effective with the November 2025 billing cycle; an average residential customer using 1,117 kWh pays $5.61 (3.5%) more, about $5.02 scaled to 1,000 kWh. Includes tiered $20/$30/$40 monthly service charges, new super-off-peak plans and a $25 Economy Price Plan credit. First base price change since 2019. Source
Rate history
SRP's average rate is up 18% since 2020, versus +28% for the U.S. average.
Average residential revenue per kWh, EIA-861. Includes delivery and, where the utility sells it, supply.
Rebates for heat pumps, batteries and EV chargers
We haven't found utility-level rebates for SRP yet. Check Arizona programs or read what's left after the federal credits ended.
About SRP
- Legal name
- Salt River Project
- Ownership
- Political Subdivision
- Homes served
- 1,053,407 residential customers (2024)
- Grid operator
- SRP
- Retail choice
- No — one bundled rate
- Data
- EIA-861 2024, released October 7, 2026; rate cases checked October 7, 2026
Other utilities in Arizona
- APS 16.45¢
- TEP 15.63¢
- UNS Electric 16.02¢
- Trico Electric Cooperative 14.17¢
- Sulphur Springs Valley E C 13.49¢
- Mohave Electric Cooperative 11.2¢
- Navopache Electric Coop 13.43¢
- Electrical Dist No3 Pinal County 13.93¢