NV Energy Requests Two Rate Decreases Benefitting Northern Nevada Customers
Nevada Energy has put in a request with the Public Utilities Commission that will produce an overall $24.1 million rate decrease for northern Nevada electric customers effective October 1st of this year. This is the second rate reduction filed by NV Energy this month. The reduced prices are the result of both lower fuel costs and lower total energy costs as a result of NV Energy’s efforts to procure more low-cost power.
The filing reflects reductions in the forecasted costs of providing clean energy programs and energy efficiency services, including PowerShift smart thermostats and home energy assessments. NV Energy will still pay out nearly $15 million in incentives for rooftop solar installations statewide. Customers can visit nvenergy.com/powershift to learn more about these products and services that can help them save energy and money.
NV Energy also filed a rate decrease earlier this month that will start benefitting customers on April 1. Northern Nevada residential electric customers using 760 kilowatt hours of electricity a month will see a decrease of $2.10 on their monthly bills. These rates are associated with fuel used in generating stations and power purchase agreements. Fuel and purchased power costs are passed through dollar for dollar with no profit to the company.