Residential rates by utility (EIA-861, average all-in ¢/kWh)
| Utility | 2023 ¢/kWh | 2024 ¢/kWh | Customers (2024) | Ownership | vs state avg, $/yr |
|---|---|---|---|---|---|
| Mt Wheeler Power, Inc | 8.08 | 8.50 | 5,169 | Co-op | -$702 |
| City of Boulder City | 10.12 | 10.37 | 7,145 | Municipal | -$500 |
| Overton Power District No 5 | 10.69 | 10.69 | 15,545 | Public district | -$465 |
| Sierra Pacific Power Co | 16.10 | 14.52 | 330,891 | Investor-owned | -$52 |
| Nevada Power Co | 17.27 | 15.33 | 916,385 | Investor-owned | +$36 |
| Valley Electric Assn, Inc | 18.05 | 16.73 | 22,368 | Co-op | +$186 |
Average price = residential revenue ÷ residential sales from each utility's federal EIA-861 filing (bundled service — supply + delivery + riders, not a quoted tariff rate). State average = 15.00¢/kWh, volume-weighted across these utilities (2024). Your distribution utility is fixed by address; these gaps measure what households in different territories actually paid. A further 6 competitive suppliers / solar lessors report energy-only or behind-the-meter sales in Nevada; their prices cover only part of the bill and are not comparable to the all-in figures above.
Can you choose your electric company in Nevada?
Electric supply choice: no · Gas supply choice: no
Electric choice for large customers only (NRS 704B); residential ballot measure failed 2018.
Official rate information: puc.nv.gov.
Heating: which fuel is cheapest per million BTU in Nevada?
| Fuel | Native price | As of | $ per MMBTU |
|---|---|---|---|
| Utility natural gas | $0.896 /therm | Jan 2026 | 8.96 |
| Electricity (resistance) | 14.38 ¢/kWh | Feb 2026 | 42.15 |
Utility natural gas is the cheapest residential energy per BTU in Nevada at $8.96/MMBTU. Conversions: 1 kWh = 3,412 BTU; 1 therm = 100,000 BTU; heating oil 138,500 BTU/gal; propane 91,452 BTU/gal. Site-energy prices — appliance efficiency changes delivered-heat cost: a 95% AFUE gas furnace delivers heat near the gas figure, while a heat pump at seasonal COP 2.5–3 cuts the effective electric figure by 60–70%. (No EIA weekly heating-oil survey price for Nevada.)
Electricity price trend, last 12 months
Nevada's average residential price went from 14.30¢/kWh in Feb '25 to 14.38¢/kWh in Feb '26 — essentially flat year-over-year. The 12-month peak was 14.43¢ in Mar '25.
| Month | Feb '25 | Mar '25 | Apr '25 | May '25 | Jun '25 | Jul '25 | Aug '25 | Sep '25 | Oct '25 | Nov '25 | Dec '25 | Jan '26 | Feb '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ¢/kWh | 14.30 | 14.43 | 13.66 | 13.29 | 12.26 | 12.39 | 12.53 | 13.05 | 13.77 | 14.20 | 12.83 | 13.98 | 14.38 |
Head-to-head utility comparisons in Nevada
- Nevada Power Co vs Sierra Pacific Power Co — who's cheaper?
Questions people ask
- Who has the cheapest electricity in Nevada?
- Sierra Pacific Power Co, at an average 14.5 cents per kWh for 2024 among Nevada utilities with at least 50,000 customers (EIA-861). The most expensive, Nevada Power Co, averaged 15.3 cents — a difference of about $88 per year at 10,800 kWh.
- Can I choose my electric company in Nevada?
- No. Nevada is a regulated retail market: your utility is set by address and there is no residential supplier shopping. Rates are set in state utility-commission proceedings (puc.nv.gov).
- Is gas or electric heat cheaper in Nevada?
- Per million BTU of site energy, utility natural gas was $8.96 (Jan 2026) versus $42.15 for electric resistance heat. A heat pump delivering 2.5-3 units of heat per unit of electricity brings electric heating to roughly $14-17 per MMBTU.
- What is the average electric bill in Nevada?
- At Nevada's February 2026 average price of 14.38 cents/kWh and typical usage of 900 kWh per month, a household pays about $129 per month ($1553 per year) for electricity. Actual bills vary with usage, utility territory, and tariff.