SRP considering electric bill increases to help cover cost of gas

While SRP offers with rising costs of pure gas, the company is in search of methods to cover the cost with two potential rate increases.

PHOENIX — Salt River Project prospects may very well be paying extra for his or her electric payments because the company seems to cover the rising prices of pure gas.

While prospects like Stevie Jones and Charlie Griefer aren’t thrilled in regards to the thought of a much bigger bill as a result of the whole lot is already too costly they perceive hikes occur.

“It’s difficult when it’s happening with everything. When everything is going up consistently, it’s kind of hard to keep up,” Jones stated.

Even although SRP obtained preliminary approval Tuesday to enhance charges for its greater than 1,000,000 prospects, Brian Koch with SRP stated it is only a proposal and that the ultimate vote is ready for September 12.

“At this time it’s just a recommendation to our board for consideration. Our proposal is to have two moderate increases to our prices for customers, the first would go into effect in November of this year and the second increase would go into effect the following November of 2023,” he defined. “We’ve used other funds within our company to help minimize the impact to our customers.”

Koch added that the company isn’t immune to the skyrocketing costs, particularly the cost of pure gas, which is what this proposed enhance would cover.

Meanwhile, advocates like Executive Director Cynthia Zwick with Wildfire AZ, a utility watchdog weighed in, and stated with the doable hike, they’re anticipating extra prospects needing help if this proposal passes.

“This is a tool that all utilities have in their arsenal to be reflective of costs that they’re incurring. We will continue fighting for mitigating opportunities for those customers who simply can’t pay their bills,” Zwick stated.

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