News Releases

April Brings Lower Rates for Northern Nevada NV Energy Customers

April 05, 2016
3:30pm

Effective Friday, April 1, NV Energy northern Nevada residential, commercial and industrial electric customers experienced an overall electric decrease of 3.58 percent. Natural gas residential, commercial and industrial customers experienced an overall gas decrease of 11.15 percent. These rates are associated with fuel used in power production and the company's generating stations. Fuel and purchased power costs are passed through dollar for dollar with no profit to the company. The reduced prices are the result of both lower fuel costs and lower total energy costs following recent changes made by NV Energy to gain greater access to low-cost power.

A typical northern Nevada single-family residential electric customer bill of $82.17, based on average usage of 758 kilowatt-hours a month, will see a decrease of 2.98 percent, or $2.45. A single-family residential natural gas customer bill of $47.06, based on average use of 55 therms a month, will see a decrease of $4.92, or 10.45 percent.

"We are glad to pass along the fifth quarterly rate decrease for our electric customers and fourth quarterly decrease for our natural gas customers in northern Nevada since last year," said Paul Caudill, NV Energy President and CEO. "NV Energy remains committed to providing stable or even lower rates for our customers."

NV Energy, Inc. provides a wide range of energy services to 1.3 million customers throughout Nevada and more than 40 million tourists annually.  NV Energy is a holding company whose principal subsidiaries, Nevada Power Company and Sierra Pacific Power Company, are doing business as NV Energy. The company is headquartered in Las Vegas, Nevada. Information about NV Energy is available on the company's website, Twitter, Facebook and YouTube pages, which can be accessed via nvenergy.com.    


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For further information: Faye Andersen, NV Energy 775-834-4822