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NV Energy Proposes Rate Increase

If Approved, Rate Hike Would Kick In In October

June 07, 2019 - 5:54 am

Las Vegas, NV (KXNT)- NV Energy has submitted a request for a slight raise in residential power rates, but the good news is that if approved the raise wouldn't go into effect until after summer has passed.

The request, which needs to be approved by the state's Public Utilities Commission, is asking for a rate hike of .42 percent. NV Energy says that increase works out to a hike of about .47 per customer per month.

The Utility says the rate increase is needed because of an increase in the energy efficiency program rate, which covers the cost of programs that help consumers reduce energy consumption, like discounts for LED light bulbs and heating rebates.

Even if the rate hike gets approved, NV Energy is quick to say that rates are lower than they were a decade ago. The company says it also plans to file a request for a $100 million rate cut in 2020

Ratepayers can make public comments on the applications June 11 at 1 p.m. and 6 p.m. at the commission’s Las Vegas office.