Heat relief: SRP approves two-month rate decrease for Phoenix customers
Jun 24, 2016, 5:54 AM
(AP Photo/Charlie Riedel)
(AP Photo/Charlie Riedel)
PHOENIX — July and August are rough months to live in Phoenix, both when it comes to walking around outdoors and when the power bill arrives in the mail.
With the average high temperatures well over 100 degrees, air conditioners work overtime in both July and August to keep Phoenix-area residents cool. But that comes at a cost.
To help people save money, Salt River Project announced Thursday that its board approved a 3.7 percent price decrease for July and August.
The utility — the largest in the Phoenix area — estimated the cut will save every consumer about $15 over the two-month cycle.
“The discount is automatically applied to your bill,” Scott Harleson with SRP said. “Our customers do not need to do nothing more than they normally do.”
The price decrease will reduce revenue by about $27 million.
SRP was able to implement the reduction because it met its sustainability goals and a lower-than-anticipated cost of natural gas.
