NV Energy looking to reduce energy costs for customers

LAS VEGAS (KTNV) — NV Power clients may see some reduction once they get their vitality payments this summer time.

The corporate mentioned it is planning on submitting a request with the Public Utilities Fee of Nevada on Could 15 to cut back vitality prices for purchasers.

Relying on the client’s location and sort of electrical service they obtain, NV Power mentioned they may see their invoice go down between 5% and 14% for July, August, and September.

“Our clients have all been impacted by the upper pure fuel costs and the corresponding have an effect on it has on our clients’ charges,” mentioned Doug Cannon, NV Power’s president and CEO. “Recognizing the challenges greater vitality charges creates for purchasers, particularly in the summertime months, we determined to step in and ship an answer.”

This comes after the corporate raised costs a minimum of 4 instances over the past couple of years.

In line with NV Power, that is to cowl the fee they’re paying for pure fuel, which fuels its energy vegetation. Quarterly price changes are made based mostly on these costs. For instance, the corporate mentioned the value of pure fuel has risen practically 500% since 2021.

The utility supplier provides if pure fuel costs stay secure this yr, clients’ payments are anticipated to proceed happening.