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.
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 a bill looks like at this rate
The figures below apply the May 2026 Nevada average to four usage levels. They are arithmetic, not quotes. A real bill also carries fixed customer charges, taxes and any rider specific to your utility.
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.
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.
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 a typical monthly electric bill in Nevada?
At the May 2026 average rate of 13.60¢/kWh, a household using 900 kWh a month would pay about $122, and one using 1,500 kWh about $204. Actual bills vary with usage, rate schedule, fixed customer charges and taxes.
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.
Where does this Nevada rate figure come from?
It is the residential-sector average revenue per kilowatt-hour reported by utilities to the U.S. Energy Information Administration on Form EIA-861M and published in the Electric Power Monthly, Table 5.6.A. It blends supply and delivery across every residential customer in the state, so it is a statewide average rather than a quote for any individual household.