Nebraska residential electricity rates

Analyst note

The Nebraska residential price sat above the U.S. average in 0 of 10 years; the gap was -2.05 ¢ in 2015 and -4.95 ¢ in 2024. In the 2024 ranking Nebraska sits between Louisiana (11.73 ¢) one place above and Idaho (11.52 ¢) one place below; the top of the list is 31.33 ¢ away and the bottom 0.02 ¢. Nebraska was 42nd in 2015 with 10.60 ¢ and is 49th now; a fall in the table. Nebraska residential prices rose in 7 of 9 years. The largest rise was +3.8% in 2023, and the largest fall -2.5% in 2018. The Nebraska price peaked at 11.53 ¢ in 2024 and bottomed at 10.60 ¢ in 2015; 2024 is the peak and +8.8% from the low. Compounded, that is +0.94% a year in Nebraska, -2.04 points against the U.S. Nebraska buys 0.70% of all U.S. residential electricity with 0.63% of the accounts, so the average Nebraska account uses 1.11 times the national average.

A bottom-ten price: 11.53 ¢/kWh for Nebraska residential accounts, rank 49 of 51, -30.0% against the U.S. Nebraska: +8.8% over nine years, or +0.9% a year, trailing the national +30.3% by 21.5 points; 2023 was the biggest single move (+3.8%) and 2024 the high.

Last year's change in Nebraska was +2.9% and still rising. Against the commercial price of 8.39 ¢ the gap is 3.14 ¢. Residential sales are 29.5% of Nebraska electricity sold, and an average Nebraska account used 956 kWh a month, an implied bill near $110.

Counting revenue instead of kWh, Nebraska residential accounts bring in 37.5% of Nebraska sector revenue on 29.5% of the kWh, a premium of 8.0 points that comes from the price level: 11.53 ¢ here against 8.39 ¢ for commercial and 7.66 ¢ for industrial accounts. The average Nebraska residential account uses 956 kWh a month, 19 of 51 among states on that measure; a commercial account uses 6.95 times as much and an industrial account 16.05 times. Residential accounts are 80.01% of the 1,131,588 accounts in Nebraska.