Nebraska industrial electricity rates

Analyst note

The Nebraska industrial price sat above the U.S. average in 7 of 10 years; the gap was +0.68 ¢ in 2015 and -0.47 ¢ in 2024. In the 2024 ranking Nebraska sits between Idaho (7.69 ¢) one place above and Montana (7.59 ¢) one place below; the top of the list is 26.47 ¢ away and the bottom 2.23 ¢. Nebraska was 17th in 2015 with 7.59 ¢ and is 35th now; a fall in the table. Nebraska industrial prices rose in 4 of 9 years. The largest rise was +5.8% in 2023, and the largest fall -3.5% in 2020. The Nebraska price peaked at 7.69 ¢ in 2016 and bottomed at 7.21 ¢ in 2022; 2024 is 0.4% below the peak and +6.2% from the low. Compounded, that is +0.10% a year in Nebraska, -1.72 points against the U.S. Nebraska buys 1.15% of all U.S. industrial electricity with 5.80% of the accounts, so the average Nebraska account uses 0.20 times the national average.

Nebraska industrial customers paid 7.66 ¢ in 2024, which puts the state 35th of 51, a middle position, 0.47 ¢ under the U.S. Nine years moved the Nebraska industrial price +0.9% (+0.1% a year), behind the U.S. by 16.7 points. The sharpest year was 2023 at +5.8%; the peak came in 2016.

The latest Nebraska year moved +0.4%, so the price is flat. The Nebraska residential price of 11.53 ¢ sits 3.87 ¢ above. A Nebraska industrial account uses 15,353 kWh a month; priced at 7.66 ¢ that is about $1,176, and the sector buys 33.9% of Nebraska's power.

Counting revenue instead of kWh, Nebraska industrial accounts bring in 28.6% of Nebraska sector revenue on 33.9% of the kWh, a discount of 5.3 points that comes from the price level: 7.66 ¢ here against 11.53 ¢ for residential and 8.39 ¢ for commercial accounts. The average Nebraska industrial account uses 15,353 kWh a month, 51 of 51 among states on that measure; a residential account uses 0.06 times as much and a commercial account 0.43 times. Industrial accounts are 5.72% of the 1,131,588 accounts in Nebraska.