SOUTHERN NEVADA (KTNV) — NV Energy prices are going down again for Southern Nevada customers.
The Public Utilities Commission of Nevada approved the second part of an agreement reached earlier this year in the company’s general rate case filing that results in a $93 million rate decrease for all Southern Nevada customers effective Jan. 1, 2021.
The first part of this agreement, which was supported by NV Energy, the regulatory operations staff of the PUCN, the Bureau of Consumer Protection and other stakeholders and approved by the PUCN, provided Southern Nevada customers with a $120 million bill credit in October 2020.
Together, the bill credit and rate decrease represent one of the largest revenue reductions in the company’s history.
The amount of the rate decrease will vary based on a customer’s rate class.
The average single-family residential customer in southern Nevada using 1,135 kilowatt-hours a month will see a monthly bill reduction of $4.96 or 3.83%