LAS VEGAS, Nev. (FOX5) – NV Energy announced a small price increase effective at the start of the new year.
The utility company revealed the change in an email to customers.
“As of January 1, 2024, you will see changes on your NV Energy bill. Overall, the impact of the changes will equate to approximately $2 per month more on an average single-family residential bill.”
NV Energy, January 3 email
The email continued by noting that “the monthly Basic Service Charge for residential single-family customers has increased from $12.50 to $18.50 to better support fixed costs of services.”
“Despite the increase in the Basic Service Charge, NV Energy was able to lower other rates of your bill to ensure the overall increase remained as low as possible,” the company noted.
NV Energy said that the increase is “well below the significant rise in inflation over the last few years” and stated that it is the first increase of its kind in more than a decade. It added that the rate increase covers upgrades to improve reliability, modernize infrastructure, shift to cleaner energy and support growth.
The company also said that fuel rates are expected to decline in 2024, with NV Energy predicting they will fall “back in line with those from 2022.”
“If this holds true, Nevada energy rates will return below the national average late in 2024, where our rates have been for much of the past decade,” the email said.
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