Nevada · Investor Owned · investor

Nevada Power Co Electricity Rates

Average residential price, customers served and derived annual usage from EIA Form 861, 2024 release.

15.33¢
Avg residential price / kWh
916.4K
Residential customers
+2.3%
vs Nevada average
$1,763
Implied avg annual bill

Among 194 utilities with 100,000 or more residential customers, Nevada Power Co ranks #81 by average cents per kWh and #34 by residential customers. Nevada Power Co charged an average of 15.33¢ per kWh to residential customers in 2024 - close to the Nevada average and below the Form 861 US customer-weighted average.

San Diego Gas & Electric Co ranks #1 of 194 by average residential cents per kWh (43.63¢, 307,982 customers, customers rank #90). Florida Power & Light Co ranks #1 of 194 by residential customers (5,236,277 customers at 13.71¢, price rank #122). The highest average rate is not the largest customer count. Nevada Power Co is investor owned - a shareholder-owned company whose retail rates are set through a state regulatory commission. Its reported average residential price is close to the Nevada customer-weighted average (+2.3%). Its customers used near the national residential norm at about 11,497 kWh a year each.

  • San Diego Gas & Electric Co 43.63¢ · customers rank #90
  • Florida Power & Light Co 5,236,277 customers · price rank #122

Highest average rate is not the most customers

Residential customers for the average-rate #1 and customers #1 utilities among 194 with 100,000 or more residential customers

residential customers
  • FL size
    5,236,277
  • CA rate
    307,982

What this shows San Diego Gas & Electric Co ranks #1 of 194 by average residential cents per kWh (43.63¢, 307,982 customers, customers rank #90). Florida Power & Light Co ranks #1 of 194 by residential customers (5,236,277 customers at 13.71¢, price rank #122). The highest average rate is not the largest customer count.

Source EIA Form 861 residential survey, latest release. Average cents per kWh and customer counts from the same rows; no tariff or bill is implied. As of 2024

EIA Form 861 utility filing desk

Release NV-2024 · Nevada Power Co NEAR STATE

Nevada Power Co · Form 861 2024 · NEAR STATE

  • RATE 15.33¢/kWh
  • RANK #12/15
  • VS-ST +2.3%
  • VS-US -10.4%
  • CUST 916k
  • BILL $1,763
  • OWN IOU
  • PHOTO OH 0.01¢
  • BOOK 34/194

Nearest Form 861 price peer: Dayton Power & Light Co (OH) (-0.01¢ gap)

EIA Form 861 residential filing stamps for this utility record. Read with this utility → · Nevada rates

Nevada Power Co in the Form 861 price neighbourhood

Average residential ¢/kWh among this utility and nearest indexable peers

¢/kWh
  • IL
    15
  • FL
    15
  • IL
    15
  • OH
    15
  • this util
    15

What this shows Nevada Power Co reports 15.33¢/kWh, corpus customer-rank 34 of 194.

Source EIA Form 861 residential survey As of 2024
F30/100

RateWatt cost context

How Nevada Power Co compares on reported cost context

A weighted comparison, not a tariff quote, reliability grade, service-quality score, or recommendation. Lower price and lower implied annual bill score better against reporting utilities in Nevada; the state generation context is shown separately.

Price against state peers
21/100

15.33¢/kWh · median 13.59¢/kWh

Implied annual bill against state peers
14/100

$1,763/yr · median $1,407/yr

State renewable generation context
76/100

46.4% · median 22.8%

Weights: 50% price, 30% implied annual bill, 20% state renewable-generation context. Unreported inputs are excluded and the remaining weights are redistributed. Price and bill use EIA Form 861 (2024); generation context uses EIA state generation data (2025) and is not attributed to this provider.

Rate comparison

How this price compares

Ranked by price against the 15 utilities reporting residential rates in Nevada, Nevada Power Co comes 12th of 15. The state's range runs from Mt Wheeler Power, Inc at 8.50¢ to Palmetto Solar, LLC at 40.00¢, so where a household sits inside Nevada depends far more on which utility serves it than on the statewide average alone.

Against the 1 other investor owned utilities reporting in Nevada, whose customer-weighted average is 14.52¢, Nevada Power Co is close to its own ownership class within the state (+5.6%).

State price distribution

Where Nevada Power Co sits among Nevada utilities

2024 average residential price across the 15 utilities reporting a rate in Nevada

15.33¢/kWh 21st affordability percentile More affordable than 21% of 14 other utilities

Nevada Power Co

average residential price, equal-width bands

Each bar spans 2¢/kWh. Taller bars contain more utilities; the dashed marker locates this utility. Hover, focus or tap a bar for its exact count and share.

Source EIA Form 861 · 2024

Nevada Power Co average residential price against three benchmarks, 2024
BenchmarkPrice / kWhDifference
Nevada Power Co 15.33¢ -
Nevada (customer-weighted, 15 utilities) 14.99¢ +2.3%
US Form 861 customer-weighted average (1.5K utilities) 17.11¢ -10.4%
Investor Owned customer-weighted US avg (183 utilities) 18.37¢ -16.5%

Rate against consumption: Nevada utilities

Each dot is one of the 15 Nevada utilities reporting both a residential price and residential sales in 2024, placed by its rank percentile within that group rather than its raw value, so one very large utility cannot flatten the rest. Bubble size follows customers served, rank-scaled so a utility with millions of customers cannot swamp the rest. Nevada Power Co is highlighted. In Nevada the cheapest rate belongs to Mt Wheeler Power, Inc (8.50¢) while the smallest implied annual bill belongs to Palmetto Solar, LLC ($800) - a household's bill is price multiplied by consumption, so the two rankings are different lists. 2×2 strategic matrix plotting 15 entities by Price rank percentile (100 = most expensive in state) (X) and Consumption rank percentile (100 = heaviest use) (Y), with a crosshair dividing the plot into four quadrants. Costly rate, heavy useCheaper rate, heavy useCostly rate, light useCheaper rate, light use 050100150 050100150 Price rank percentile (100 = most expensive in state) Consumption rank percentile (100 = heaviest use)
Each dot is one of the 15 Nevada utilities reporting both a residential price and residential sales in 2024, placed by its rank percentile within that group rather than its raw value, so one very large utility cannot flatten the rest. Bubble size follows customers served, rank-scaled so a utility with millions of customers cannot swamp the rest. Nevada Power Co is highlighted. In Nevada the cheapest rate belongs to Mt Wheeler Power, Inc (8.50¢) while the smallest implied annual bill belongs to Palmetto Solar, LLC ($800) - a household's bill is price multiplied by consumption, so the two rankings are different lists.

Territory and usage

Scale and consumption

Nevada Power Co reported 916.4K residential customers, ranking 1st of 15 utilities in Nevada by customers served and covering 68.0% of the state's reported residential customers.

Dividing reported residential sales by customers served gives about 11,497 kWh per customer per year - +0.0% against the Nevada median of 11,497 kWh , implying a typical annual bill near $1,763.

State peers

Every utility reporting in Nevada

All 15 utilities reporting bundled residential service in Nevada, largest first, with Nevada Power Co marked. The named companies either side of it are the ones a household in this state might otherwise be served by.

Residential utilities in Nevada, 2024, ranked by customers served
Utility Ownership Customers Avg ¢/kWh
Nevada Power Co (this page) Investor Owned 916.4K 15.33¢
Sierra Pacific Power Co Investor Owned 330.9K 14.52¢
Valley Electric Assn, Inc Cooperative 22.4K 16.73¢
Sunrun Inc. Behind the Meter 22.3K 14.47¢
Overton Power District No 5 Political Subdivision 15.5K 10.69¢
Tesla Inc. Behind the Meter 12.4K 12.29¢
Sunnova Behind the Meter 7.6K 16.86¢
City of Boulder City - (NV) Municipal 7.1K 10.37¢
Mt Wheeler Power, Inc Cooperative 5.2K 8.50¢
Wells Rural Electric Co Cooperative 4.6K 10.05¢
Raft Rural Elec Coop Inc Cooperative 1.6K 10.24¢
SunPower Capital, LLC Behind the Meter 1.4K 13.59¢
Spruce Finance Behind the Meter 149 13.13¢
Surprise Valley Electrification Cooperative 6 13.82¢
Palmetto Solar, LLC Behind the Meter 1 40.00¢

For generation mix and price history statewide, see electricity rates in Nevada.

Ownership class peers

Investor Owned utilities with similar residential prices

Beyond Nevada, these indexable investor owned utilities report the closest residential averages to Nevada Power Co in the same Form 861 release. Peer sets differ by ownership class and price, not a shared national list.

Same-ownership utilities outside Nevada nearest in residential price
Utility State Customers Avg ¢/kWh
Dayton Power & Light Co Ohio 132.5K 15.32¢
Ameren Illinois Company Illinois 520.5K 15.26¢
Commonwealth Edison Co Illinois 2.9M 15.22¢
Georgia Power Co Georgia 2.5M 15.49¢
Duke Energy Progress - (NC) North Carolina 1.4M 15.54¢

FAQ

Common questions about Nevada Power Co rates

How much does Nevada Power Co charge per kWh?
Nevada Power Co reported an average residential price of 15.33¢ per kWh across its bundled residential customers in the 2024 EIA Form 861 release. That is an annual average across all its residential customers, not a rate schedule, so an individual bill depends on the tariff, usage pattern and season.
Is Nevada Power Co expensive compared with the rest of Nevada?
Its average residential price is close to the Nevada customer-weighted average of 14.99¢ per kWh, a difference of +2.3%. The state figure is weighted by customers across the 15 utilities reporting residential service in Nevada.
What is the average electricity bill for Nevada Power Co customers?
Dividing reported residential sales by residential customers gives about 11,497 kWh per customer per year. At the reported average price that implies roughly $1,763 a year, or about $147 a month. This is RateWatt's arithmetic on two EIA columns, not a figure EIA publishes.
Who owns Nevada Power Co?
EIA classifies Nevada Power Co as Investor Owned, a shareholder-owned company whose retail rates are set through a state regulatory commission. Nationally, the customer-weighted average across Investor Owned utilities was 18.37¢ per kWh in the 2024 Form 861 release.

Limitations

What this page does and does not tell you

  • An average across bundled residential customers for the year, revenue divided by sales, not a rate schedule.
  • Form 861 presence is not evidence of availability at an address or of customer choice.

See our methodology and comparing utility costs across states .

Source: U.S. Energy Information Administration (EIA), Form 861 annual electric power industry report, 2024 release. Retrieved and formatted by RateWatt.

Disclaimer: This information is provided for informational purposes only and does not constitute professional or financial advice. Data is sourced from the U.S. Energy Information Administration (EIA). Rates change and averages do not describe any individual account. Consult your utility or a qualified professional before making decisions based on this data.

Every figure on RateWatt is rendered directly from official U.S. Energy Information Administration (EIA) data, no number is typed in by an editor. Average price, customers and sales are reported by EIA Form 861 (2024). Per-customer annual usage, the implied annual bill, the customer-weighted state average, the Form 861 US customer-weighted average, the ownership-class customer-weighted average, and every percentage difference are RateWatt's arithmetic on those reported columns, never the separate EIA retail-sales statewide series. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of 2025.