Nevada electricity rates
As of May 2026, the average residential electricity rate in Nevada is 13.60 cents per kilowatt-hour, 26.2% below the U.S. average of 18.44¢. That is the 47th highest rate of the 50 states and the District of Columbia.
- Year over year
- ▲ +2.3% from 13.29¢ in May 2025
- Vs. U.S. average
- -26.2% U.S. average 18.44¢
- National rank
- #47 of 51 · #5 cheapest
- Supply market
- Western Interconnection Retail choice limited
Why Nevada pays what it pays
Nevada's generation is mostly natural gas, but the share of solar has grown faster than almost anywhere else, and the state has the largest geothermal fleet in the country after California. Geothermal is a genuinely baseload renewable resource that runs day and night.
The state's load shape is extreme: enormous summer afternoon cooling demand in Las Vegas, mild winters. Solar matches that shape well, and utility-scale battery storage added alongside it has begun to cover the post-sunset peak that used to require expensive gas peaking.
Nevada's rate rose only modestly year over year. A deferred energy accounting mechanism means fuel costs are trued up periodically rather than passed through monthly.
Where Nevada power comes from
Nevada generated 45 TWh in 2025, the 33th largest output of any state. Natural gas supplied 50.8% of it, enough that the price of that fuel largely sets the price of electricity here. Renewables accounted for 43.8%, against 23.8% nationally, which ranks Nevada #13 of 51.
- Natural gas 50.8% 23 TWh
- Solar 30.3% 14 TWh
- Geothermal 8.6% 4 TWh
- Coal 5.7% 3 TWh
- Hydroelectric 4.2% 2 TWh
- Wind 0.8% 351 GWh
Source: U.S. Energy Information Administration, Electric Power Operational Data, net generation, all sectors. Net generation across all sectors. Nuclear counts as carbon-free but not renewable, so the two shares differ.
How Nevada compares
Nevada ranks #47 of 51 jurisdictions by residential price, making it the 5th cheapest. Within the Mountain division, 2 of 7 neighbouring states are cheaper.
| State | ¢/kWh | YoY | Rank |
|---|---|---|---|
| Idaho | 12.35 | +4.0% | #51 |
| Utah | 12.96 | +2.9% | #50 |
| Nevada | 13.60 | +2.3% | #47 |
| New Mexico | 14.12 | -2.6% | #44 |
| Montana | 14.67 | +13.9% | #39 |
| Wyoming | 14.80 | +7.1% | #38 |
| Arizona | 15.23 | -3.1% | #32 |
| Colorado | 16.16 | +3.7% | #28 |
Source: U.S. Energy Information Administration, Electric Power Monthly, Table 5.6.A: Average Price of Electricity to Ultimate Customers by End-Use Sector, by State. Data period May 2026. Retrieved 2026-08-19.
What Nevada households actually pay
Nevada looks more expensive on paper than it is in practice. Its rate ranks #47 of 51, but the average bill ranks only 45th, because households there use 872 kWh a month against a national average of 871. See how every state compares on bills.
Estimate your Nevada bill
Multiply your own usage by the May 2026 state average. Enter the kilowatt-hours from your last statement. This is a supply-and-delivery blended average, not a utility quote.
Rate used: …. U.S. average 18.44¢/kWh, May 2026. Source: U.S. Energy Information Administration, Electric Power Monthly Table 5.6.A.
Heating in Nevada: gas, heat pump or resistance
Residential natural gas in Nevada averaged $18.69 per thousand cubic feet in 2024, about $1.80 per therm, against a national average of $14.50. Put on the same scale as the state's electricity rate, the cost of delivering one million BTU of heat works out as follows.
In Nevada, a heat pump is cheaper to run than a gas furnace by about $6.73 per million BTU at these assumptions. Over a 60 million BTU heating season that is roughly $404, before counting the cooling a heat pump also provides.
Gas price: U.S. Energy Information Administration, Natural Gas Prices, price delivered to residential consumers, 2024. Assumptions are adjustable in the heating cost guide, and every state is compared on the gas price page.
What each Nevada utility charges
The statewide average hides a wide spread. Across the 12 Nevada utilities reporting to the EIA, rates run from 8.50¢ at Mt Wheeler Power, Inc to 16.86¢ at Sunnova . Together they serve 1.3 million residential customers.
| Utility | ¢/kWh | Bill | kWh | Customers |
|---|---|---|---|---|
| Nevada Power Co | 15.33 | $147 | 958 | 916,385 |
| Sierra Pacific Power Co | 14.52 | $100 | 687 | 330,891 |
| Valley Electric Assn, Inc | 16.73 | $200 | 1,197 | 22,368 |
| Sunrun Inc. | 14.47 | $145 | 1,001 | 22,307 |
| Overton Power District No 5 | 10.69 | $132 | 1,234 | 15,545 |
| Tesla Inc. | 12.29 | $85 | 689 | 12,391 |
| Sunnova | 16.86 | $133 | 790 | 7,632 |
| City of Boulder City | 10.37 | $128 | 1,238 | 7,145 |
| Mt Wheeler Power, Inc | 8.50 | $117 | 1,380 | 5,169 |
| Wells Rural Electric Co | 10.05 | $107 | 1,066 | 4,621 |
| Raft Rural Elec Coop Inc | 10.24 | $91 | 885 | 1,564 |
| SunPower Capital, LLC | 13.59 | $162 | 1,195 | 1,357 |
Source: U.S. Energy Information Administration, Form EIA-861 annual electric power industry report, 2024.
Who sells electricity in Nevada
NV Energy, a Berkshire Hathaway Energy company, operates as Nevada Power in the south and Sierra Pacific Power in the north, serving nearly all of the state's population.
Nevada's retail choice situation is unusual. Large commercial and industrial customers have been permitted to leave the utility by paying an exit fee, and several casino operators have done so. A ballot measure to open full retail choice passed once and failed on its required second vote, so residential customers cannot shop.
Nevada sits in The Mountain West. Cheap legacy coal and abundant sun, with costs decided by how fast each state is retiring one and building the other. Read the regional analysis.
What you can actually do about it
NV Energy's residential time-of-use rates have very wide summer peak-to-off-peak spreads. Pre-cooling a home in the morning and coasting through the afternoon peak is the most effective strategy available in southern Nevada.
Nevada's net-metering rules changed substantially over the past decade and are tiered by when a system was installed. Anyone evaluating rooftop solar should confirm which tier currently applies rather than relying on older figures.
Closest states by price
These jurisdictions charge within a fraction of a cent of Nevada, which is useful if you are comparing a move or a multi-state operating cost.
Nevada electricity rates: common questions
What is the average electricity rate in Nevada?
The average residential electricity rate in Nevada is 13.60 cents per kilowatt-hour as of May 2026, according to the U.S. Energy Information Administration. That is -26.2% relative to the national average of 18.44¢/kWh.
How much is the average monthly electric bill in Nevada?
The average Nevada household paid $115 a month across the twelve months to May 2026, using an average of 872 kWh. That is -25.8% against the U.S. average bill of $155, and it ranks 45th highest of the 51 jurisdictions. Your own bill depends on the size of your home, your heating and cooling equipment and your rate schedule.
Why is the Nevada bill ranking different from its rate ranking?
A bill is the rate multiplied by usage, and usage varies between states more than price does. Nevada ranks #47 of 51 on price but 45th on the actual bill, because households there use about 872 kWh a month against a national average of 871. Climate and heating fuel drive most of that difference.
Have electricity rates in Nevada gone up?
Nevada rates rose 2.3% over the year to May 2026, from 13.29¢ in May 2025 to 13.60¢.
Can I choose my electricity supplier in Nevada?
Retail choice limited. Choice in Nevada is restricted. Availability depends on your utility, your location and in some cases a programme cap.