Nevada industrial electricity rates

Analyst note

The Nevada industrial price sat above the U.S. average in 3 of 10 years; the gap was -0.16 ¢ in 2015 and +0.51 ¢ in 2024. In the 2024 ranking Nevada sits between Illinois (8.83 ¢) one place above and Colorado (8.62 ¢) one place below; the top of the list is 25.49 ¢ away and the bottom 3.21 ¢. Nevada was 28th in 2015 with 6.75 ¢ and is 17th now; a rise in the table. Nevada industrial prices rose in 5 of 9 years. The largest rise was +41.2% in 2022, and the largest fall -16.6% in 2024. The Nevada price peaked at 10.36 ¢ in 2023 and bottomed at 5.61 ¢ in 2020; 2024 is 16.6% below the peak and +54.0% from the low. Compounded, that is +2.78% a year in Nevada, +0.96 points against the U.S. Nevada buys 1.14% of all U.S. industrial electricity with 0.43% of the accounts, so the average Nevada account uses 2.65 times the national average.

A middle price: 8.64 ¢/kWh for Nevada industrial accounts, rank 17 of 51, +6.3% against the U.S. Nevada: +28.0% over nine years, or +2.8% a year, beating the national +17.7% by 10.3 points; 2022 was the biggest single move (+41.2%) and 2023 the high.

Last year's change in Nevada was -16.6% and falling. Against the residential price of 15.00 ¢ the gap is 6.36 ¢. Industrial sales are 28.9% of Nevada electricity sold, and an average Nevada account used 204,872 kWh a month, an implied bill near $17,701.

Counting revenue instead of kWh, Nevada industrial accounts bring in 21.8% of Nevada sector revenue on 28.9% of the kWh, a discount of 7.1 points that comes from the price level: 8.64 ¢ here against 15.00 ¢ for residential and 10.19 ¢ for commercial accounts. The average Nevada industrial account uses 204,872 kWh a month, 16 of 51 among states on that measure; a residential account uses 0.00 times as much and a commercial account 0.03 times. Industrial accounts are 0.32% of the 1,494,281 accounts in Nevada.