Effective Friday, July 1, NV Energy southern Nevada residential, commercial and industrial electric customers will experience an overall electric price decrease of 1.47 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 southern Nevada single-family residential customer bill of $136.29, based on average usage of 1,141 kilowatt-hours a month, will see a decrease of $2.55, or 1.87 percent for a new total bill of $133.74.
Combined with the four rate decreases experienced in July and October of 2015 and January and April of this year, a typical single family residential customer bill has gone down $20.81, or 13.5 percent, since June 30, 2015.