Nevada · Investor Owned
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
Nevada Power Co charged an average of 15.33¢ per kWh to residential customers in 2024 - close to the Nevada average and close to the US average.
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.
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, which averaged 14.52¢, Nevada Power Co is close to its own ownership class within the state (+5.6%).
All figures come from the 2024 release, so no comparison mixes vintages. The state figure is customer-weighted across 15 reporting utilities.
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
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
| Benchmark | Price / kWh | Difference |
|---|---|---|
| Nevada Power Co | 15.33¢ | - |
| Nevada (customer-weighted, 15 utilities) | 14.99¢ | +2.3% |
| United States average | 16.48¢ | -7.0% |
| Investor Owned utilities nationally (183) | 17.36¢ | -11.7% |
Rate against consumption: Nevada utilities
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 - near the national residential norm, implying a typical annual bill near $1,763.
Within Nevada the median reporting utility sells about 11,497 kWh per customer, so Nevada Power Co customers use +0.0% against their own state's middle. Consumption close to the state middle means bills here track the price ranking fairly directly.
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.
| 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.
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, Investor Owned utilities averaged 17.36¢ per kWh in the 2024 release.
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, why energy prices vary and understanding rate structures.
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 and every percentage difference are RateWatt's arithmetic on those reported columns. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of 2025.