Electricity Rate in Nevada (2026): 13.60c/kWh Average

Nevada electricity averages 13.60 cents per kWh for residential customers as of May 2026, according to the EIA Electric Power Monthly. This is 4.84c below the US average of 18.44c/kWh. The average monthly bill for Nevada households is $113 based on typical usage of 860 kWh.

Nevada's 13.6c/kWh rate (May 2026) sits below the US average of 18.44c and has been climbing - up about 2.3% year over year. NV Energy is the dominant regulated utility, operating as Nevada Power in the south (Las Vegas and Clark County) and Sierra Pacific Power in the north (Reno and the rural counties); both are subsidiaries of Berkshire Hathaway Energy, overseen by the Public Utilities Commission of Nevada (PUCN). Nevada is a regulated market with no general residential retail choice, although a handful of very large casino and mining customers have exited NV Energy's system under the state's 704B process. Natural gas still supplies the largest share of generation (around 55%), but solar has grown to roughly a quarter and climbing - Nevada has some of the best solar resource in the country - with geothermal near 8% and a little hydro from Hoover Dam. The headline structural change is a mandatory residential demand charge: in its 2025 general rate case (Docket 25-02016), the PUCN in September 2025 cut Nevada Power's roughly $224 million revenue request by more than a third and approved the charge, which would make Nevada Power the first investor-owned utility in the country to bill ordinary households on their peak demand (the highest 15-minute period of usage each day), not just total kilowatt-hours. The start date has slipped twice under sustained customer and solar-industry opposition: originally set for spring 2026, the PUCN on 31 March 2026 postponed it to January 1, 2027, giving NV Energy time to issue customer refunds and run an education campaign. Once it takes effect, households that spread usage across the day rather than spiking the air conditioning all at once will fare better under the new structure.

Generation mix: Natural gas 55%, solar 27%, geothermal 8%, coal 5%, hydro 4%, wind 1%. The fuel mix is a primary driver of electricity rates - states with abundant hydro or nuclear tend to have lower rates, while states dependent on imported petroleum (Hawaii) or natural gas pay more.

Year-over-year change: Nevada rates rose 2.3% year-over-year as of May 2026. This compares to the US average increase of 6.2% over the same period.