Nevada Power (NV Energy South) rate increases over time
Nevada Power Company's average residential electricity price has risen from 13.18 cents per kWh in 2015 to 15.33 cents in 2024, an increase of about 16 percent, or roughly 1.7 percent per year. The chart shows Nevada Power (NV Energy South)'s average residential price by year. Hover any point for the exact figure.
What rising Nevada Power (NV Energy South) rates could cost you
Nevada Power (NV Energy South) rates have risen about 1.7% per year. Enter your bill to see what that pace of increase could compound to over time, and what you have likely already absorbed. This is an estimate, not a guarantee.
Estimate only. Projects your current bill forward at Nevada Power (NV Energy South)'s historical average rate increase (1.7% per year, from EIA data); it assumes your usage stays the same except for any add-ons you select. Actual rates depend on your usage, rate plan, and the utility's future filings, and are not guaranteed. This is general information, not financial advice.
Current residential rates
Nevada Power (NV Energy South) residential rates are shown below, from the utility's published tariffs and the public Utility Rate Database. Rates vary by plan, season, and usage and change over time.
| Plan | Energy charge | Fixed / basic |
|---|---|---|
| Residential Single-Family (RS) - standard single rate | 12.093 cents/kWh (total effective rate, all riders included; base BTGR+BTER 11.780) | $18.00/month basic service charge |
| Residential Multi-Family (RM) | 10.718 cents/kWh (total effective rate) | $8.20/month basic service charge |
| Optional Single-Family Time-of-Use (ORS-TOU) | Winter 8.816 cents/kWh; Summer off-peak 7.463; Summer on-peak 47.313 cents/kWh (6:01-9 p.m. Jun-Sep), plus riders | $18.00/month basic service charge |
Rates are bundled (generation + transmission + distribution), effective January 1, 2026, from Nevada Power Company d/b/a NV Energy's PUCN-authorized residential rate schedule (Southern Nevada). The RS 'Total Effective Rate Per kWh' of 12.093 cents combines the BTGR+BTER energy charge (11.780) with small riders (DEAA 0.000, TRED 0.053, REPR -0.052, EE 0.237, NDPP 0.029, ESAP 0.007). Excludes the Universal Energy Charge ($0.00039/kWh) and the local government fee (5% in Clark County). This ~12.1 cents current tariff rate is lower than the 2024 EIA-861 effective average (15.33) because the 2024 EIA figure reflects total billed residential revenue divided by sales (which includes fuel/deferred-energy recovery and the high-cost 2023 fuel period being worked off), whereas the Jan 2026 schedule reflects a reset BTER with a $0.000 DEAA.
Net metering and solar export: Tier 4 net metering - 75% of retail rate
Nevada uses a tiered net-metering structure set by AB 405 (2017) for rooftop systems up to 25 kW. NV Energy / Nevada Power is now in Tier 4, the final and currently open tier with no capacity cap. Solar you use on-site offsets your usage at the full retail rate. Energy you export to the grid is credited at 75% of the retail rate (Tier 4); earlier tiers paid more (Tier 1 95%, Tier 2 88%, Tier 3 81%) but are closed to new customers. Export credits are applied as a monetary credit on your bill and roll over month to month to offset future usage. Whatever tier you enroll under is locked in for 20 years at that location, so a customer connecting today keeps the 75% export rate through roughly 2046.
What it means for solar
Nevada Power (NV Energy South) rates have risen about 1.7 percent per year over the past decade. Solar can offset that grid cost, every kWh you generate and use is a kWh you do not buy, but how much you save depends on your rate level and on how exported power is credited (Tier 4 net metering - 75% of retail rate). Where exports are worth little, using your own solar, often with a battery, matters more than selling surplus back. Whether solar makes sense depends on your usage, roof, and rate plan, so get a site-specific quote.
Nevada Power (NV Energy South) service area
Nevada Power (NV Energy South) serves Southern Nevada (greater Las Vegas; Clark and Nye counties).
To confirm whether a specific address is served by Nevada Power (NV Energy South), check your electricity bill. A ZIP lookup tool is coming to this site.
Full data and sources
Per-utility prices are computed from EIA Form 861 (bundled residential revenue divided by sales), which reconciles to the EIA's published figures. These are public-domain U.S. government data.
| Year | Nevada Power (NV Energy South) (c/kWh) |
|---|---|
| 2015 | 13.18 |
| 2016 | 11.76 |
| 2017 | 12.46 |
| 2018 | 12.09 |
| 2019 | 12.33 |
| 2020 | 11.62 |
| 2021 | 11.62 |
| 2022 | 14.13 |
| 2023 | 17.27 |
| 2024 | 15.33 |
Sources: EIA Form 861, Sales to Ultimate Customers (2015-2024 zip files) - source of bundled residential revenue/sales · EIA Average Price of Electricity to Ultimate Customers by End-Use Sector (Table 6, 2024) - sanity check, Nevada Power Co = 15.33189 cents/kWh · OpenEI - Nevada Power Co (EIA utility ID 13407) · EIA Nevada State Electricity Profile 2024 (state avg 11.47 cents/kWh for context) · Nevada Power Company d/b/a NV Energy - Electric Rate Schedules for Residential Customers, effective Jan 1, 2026 (Southern Nevada) · NV Energy Southern Nevada Electric Rate Schedules page · PUCN - Net Metering in Nevada (AB 405 tiers; Tier 4 = 75% of retail, 20-year lock, 25 kW limit) · NV Energy - Net Metering (Tier 4 / NMR-405) · EnergySage - NV Energy Net Metering (confirms Tier 4 75% active)
FAQ
How much have Nevada Power (NV Energy South) electricity rates gone up?
Nevada Power (NV Energy South)'s average residential price rose about 16 percent since 2015, roughly 1.7 percent per year, reaching about 15.33 cents per kWh in 2024.
Does Nevada Power (NV Energy South) offer net metering for solar?
Nevada Power (NV Energy South) uses Tier 4 net metering - 75% of retail rate. See the net metering section above for exactly how exported solar is credited and what that means for your system.
Is solar worth it with Nevada Power (NV Energy South)?
It depends on your electricity usage, roof, system size, and whether you add a battery. Higher rates and rate increases make solar more attractive, but the value of exported power depends on Nevada Power (NV Energy South)'s net metering rules. Get a site-specific quote rather than relying on a general estimate.
Where does this rate data come from?
The per-year prices come from the U.S. Energy Information Administration's Form 861, and the current rate structures come from the public Utility Rate Database. Both are public, free, and updated regularly.