State electricity profile · 2024
Nevada Electricity
15.00¢/kWh is the residential rate in Nevada, 9% below the US average. Commercial and industrial rates, plus the generation mix, are broken out below from EIA filings.
- 15.00¢/kWh
- Residential rate
- -9.0%
- vs US average
- 43%
- Renewable
- 1.3M
- Customers
Verify with EIA → · Methodology
The verdict · 2024
Nevada's residential electricity runs 15.00¢/kWh - 9% below the 16.48¢/kWh national average, cheaper than 43% of states, with 43% of its power from renewables.
Rate is the EIA state average across all 1.3M residential customers, a benchmark for comparing states, not the rate on any single bill. Source: EIA Form-861.
What Nevada's Electricity Data Tells Us
15.00¢/kWh is what a typical residential customer in Nevada pays for electricity in 2024, serving 1.3M metered households, landing 9% below the national residential average, 16.48¢/kWh. On the commercial side, the rate is 10.19¢/kWh, and industrial customers are billed 8.64¢/kWh, reflecting the cost differentials that come from voltage level, load factor, and contract length across EIA Form-861 survey respondents. 14.6M MWh of residential power was sold over the year, translating to roughly $2.2B in revenue for utilities, a useful yardstick for sizing local demand against the grid mix that serves it.
The single largest fuel source in Nevada is natural gas, responsible for 52.3% of what's generated in-state; solar comes next, contributing 30.4% and geothermal supplying 8.1%. Across solar, wind, hydro, geothermal, and biomass, renewables account for 42.5% of electricity generated in Nevada, a figure that matters because each renewable megawatt-hour displaces fuel costs that otherwise flow through to retail bills. A portfolio this clean typically carries lower marginal generation costs once capacity is built, though transmission upgrades can offset part of the saving.
Looking back across EIA records, residential prices in Nevada moved from 11.41¢/kWh in 2016 to 15.00¢/kWh in 2024, a 31.5% shift over that window. Comparable-priced neighbors include Texas, West Virginia, Colorado, which gives a peer set for sanity-checking local quotes. For anyone negotiating a supplier contract, weighing an energy-efficiency upgrade, or modeling a household budget, the combination of current rate, multi-year trend, and generation mix offers a sturdier footing than any single data point on its own.
-9.0%
vs the US residential average
43%
of states have higher residential rates
43%
renewable share, above the US mix
1.3M
residential customers served
How Nevada compares
Cents per kWh, EIA Form 861. Pick a benchmark above to compare Nevada against the US average or a peer state.
Residential Price History
| Year | Price | Change |
|---|---|---|
| 2024 | 15.00¢/kWh | -10.0% |
| 2023 | 16.67¢/kWh | +21.0% |
| 2022 | 13.78¢/kWh | +19.9% |
| 2021 | 11.49¢/kWh | +1.3% |
| 2020 | 11.34¢/kWh | -5.5% |
| 2019 | 12.00¢/kWh | +1.3% |
| 2018 | 11.85¢/kWh | -1.2% |
| 2017 | 11.99¢/kWh | +5.1% |
| 2016 | 11.41¢/kWh | - |
Energy Generation Mix
How Nevada generates its electricity. Renewable sources account for 42.5% of generation.
- Natural Gas52.3%
- Solarrenewable30.4%
- Geothermalrenewable8.1%
- Coal4.9%
- Hydrorenewable3.4%
- Windrenewable0.7%
- Other0.2%
Market Overview
Residential Revenue
$2.2B
Commercial Revenue
$1.5B
Residential Sales
14.6M MWh
Residential Customers
1.3M
Frequently Asked Questions
How much does electricity cost in Nevada? ▼
How much of Nevada's electricity is renewable? ▼
Are electricity prices going up in Nevada? ▼
What are commercial and industrial electricity rates in Nevada? ▼
What is the cheapest energy source in Nevada? ▼
Where does RateWatt's Nevada electricity data come from? ▼
States with Similar Electricity Prices
Using Nevada's numbers
This is the state average, use it as a benchmark, not a quote for your address.
- Nevada sits 9% below the national average, see exactly where it lands among all 50 states. See the rankings
- Check the multi-year trend before you judge the rate, a low price rising fast can cost more over a decade than a steady one. Nevada price trend
- Compare Nevada side by side with the US average and peer states using the tool above, then estimate your own bill from your monthly kWh. Cost calculator
Figures are EIA state averages by sector. Your actual rate depends on your utility, plan, and usage, see our disclaimer.
Energy Guides
Understanding Electricity Rates
What ¢/kWh means and how your bill is calculated
Why Prices Vary by State
Generation mix, regulation, and geography
US Energy Sources Explained
How each fuel source powers the grid
Renewable vs Fossil Fuel Costs
LCOE comparison and the cost crossover
Cheapest States for Electricity
Which states pay the least and why
Primary source data for Nevada
Every figure on this page traces to these official federal datasets.
- 📊 EIA State Energy Profile, Nevada State energy database
- ⚡ EIA Electric Power Monthly Generation and price statistics
- 🌿 EPA eGRID Power-grid emissions database
- ☀️ NREL solar resource maps Solar potential by location
- 💨 NREL wind resource maps Wind potential by location
- ⚛️ NRC reactor data Nuclear operating status
- ⚡ FERC market data Transmission and market prices
- 🏛️ NARUC commissions State public utility commissions
- 📖 EIA energy mapping system Interactive federal energy map
Related
Disclaimer: This information is provided for informational purposes only and does not constitute professional advice. Data is sourced from the U.S. Energy Information Administration (EIA). Consult 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. State prices and generation mix are pulled directly from the EIA's published tables for this state. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of 2026-05-15.