SRP pricing stands for "suggested retail price". It is a pricing strategy used by manufacturers to suggest a recommended price for their products. The SRP is also known as the manufacturers suggested retail price (MSRP), recommended retail price (RRP), or list price. The SRP is not a fixed price, and retailers can choose to sell the product at a different price. However, the SRP serves as a guide for retailers to set their prices and helps to maintain price consistency across different retailers.

In the context of electricity, SRP refers to Salt River Project, a utility company that provides electricity to customers in Arizona. SRP offers a variety of price plans for residential customers, including the Basic Price Plan, which is a standard price plan where customers pay one competitive price for energy, no matter what time of the day it is. SRP also offers other price plans, such as the Time-of-Use Price Plan, Electric Vehicle Price Plan, and M-Power, which have different pricing structures based on the time of day and usage patterns.

In summary, SRP pricing refers to the suggested retail price of a product, which is a pricing strategy used by manufacturers to suggest a recommended price for their products. In the context of electricity, SRP refers to Salt River Project, a utility company that provides electricity to customers in Arizona, and offers various price plans for residential customers.