Residential Demand Price Plan Pilot
With SRP's new Residential Demand Price Plan Pilot, you can save money by changing when you use electricity and avoiding the use of major appliances at the same time.
This plan could be right for you if:
- You use a lot of energy (average bill more than $173 per month) and would benefit from a lower per-kilowatt-hour (kWh) energy charge.
- You can shift some energy use to off-peak hours. On-peak hours are weekdays from 5-9 a.m. and 5-9 p.m. November through April and weekdays from 1-8 p.m. May through October. All other times, including weekends and six holidays* are off-peak.
- You can manage energy use in your home so major appliances that demand large amounts of electricity don't run at the same time during on-peak hours.
The Residential Demand plan is different from SRP's traditional Time-of-Use (TOU) plan in that in offers two ways to lower your bill:
The energy charge on this plan is about half the rate of the TOU plan. It's also the lowest of any SRP residential price plan. Energy is the amount of power you consume over time.
The total amount of energy you use over time is measured in kilowatt-hours (kWh). The price of energy used during the billing cycle varies based on whether electricity is used during on- or off-peak hours. The Residential Demand Price Plan Pilot features the lowest residential energy prices offered by any SRP price plan.
On-peak hours are weekdays 5–9 a.m. and 5–9 p.m. from November through April and weekdays from 1–8 p.m. May through October. All other times, including weekends and six holidays are off-peak.
There is a per-kilowatt demand charge, based on on-peak usage. Demand is the amount of power your home needs at any given point in time. By limiting simultaneous use of appliances during on-peak hours, you can keep the charge lower. You can limit charges for a higher than usual level of kilowatt demand with Demand Assurance, a no cost program available for customers on the Residential Demand price plan.
The Demand charge for each billing cycle is calculated per kilowatt (kW) It is based on the 30-minute interval during on-peak hours when your home used the maximum or peak amount of electricity. These intervals are measured between the hour and half-hour during on-peak hours (for example, between 1 and 1:30 p.m. and 1:30 p.m. and 2 p.m., etc.)
On-peak hours are weekdays 5–9 a.m. and 5–9 p.m. from November through April and weekdays from 1–8 p.m. May through October. All other times, including weekends and six holidays are off-peak and the demand charge does not apply.
On-peak demand charges (per kW) First 3 kW Next 7 kW All add'l KW WINTER (Nov.-April) $3.55 $5.68 $9.74 SUMMER (May-June and Sept.-Oct.) $8.03 $14.63 $27.77 SUMMER PEAK (July-Aug.) $9.59 $17.82 $34.19
The monthly service charge, which helps cover the costs of grid access and maintenance, is $32.44 on this plan for most residential customers. It is $20 on TOU.
A portion of this plan's monthly service charge is based on the size of your home's Service Entrance Section (SES) – the electrical panel where power enters the home. Most homes within SRP's service territory will be billed $32.44 per month. Some very large homes with an SES larger than 200 amps will pay $45.44 per month.
The service charge is higher on this plan than on TOU because TOU customers pay a higher energy charge, and grid costs are partially collected through those rates.
For more information, view the complete Residential Demand Price Plan sheet .
* Holidays are New Year's Day (observed), Memorial Day (observed), Independence Day (observed), Labor Day, Thanksgiving Day and Christmas Day (observed).