Rate Increases for NV Energy and Southwest Will Cost an Additional $26 per Month as of January 1

LAS VEGAS, Nev. (702 Times, NV Globe) – When rate hikes take effect on January 1st, you may anticipate a significant rise in your NV Energy power bill and a lesser increase in your Southwest Gas statement.

The hikes will cost residential consumers more than $26 per month on average.

Residential customers’ power rates will rise by little more than 14%, with a single-family house paying $23.43 more each month on average. Gas prices will rise 4.8%, adding $2.76 to the average monthly bill for a single-family house.

Rate requests made in mid-November were implemented to recuperate the cost of open-market power and gas purchases.

Customers may get help, according to Jennifer Schuricht, an NV Energy spokesman.

“We understand that anything that impacts a utility bill can be challenging for customers. NV Energy offers energy assistance, payment options including FlexPay and Equal Pay, and energy efficiency products and services to help keep bills stable. Information on these options can be found atnvenergy.com/heretohelp,” Schuricht said. “Customers are encouraged to reach out to us so we can help them find a solution that best fits their needs.”

She stated that natural gas prices have risen by 65% nationally since 2021, and that the modifications will result in no profits for NV Energy. In Nevada, natural gas is the major fuel utilized to create energy.

An summary of charges passed on to NV Energy consumers comes at the bottom of a Nov. 21 filing. In addition to the residential rate hikes, there will be extra charges for electric car charging:

NV Energy announced Thursday that it is seeking state clearance to expand a natural gas production facility in Las Vegas, develop battery storage in Northern Nevada, and build a geothermal plant to lessen its reliance on power that it does not provide. The precautions are necessary since “severe, western area heatwaves are becoming the new norm,” according to the business.

Moreover, while Southwest Gas’s rate increase is significantly less than NV Energy’s, aid is also available. “We provide a variety of advice, tools, and initiatives to assist clients manage their gas costs and use,” says Amy Washburn, spokesman for Southwest Gas.

“Southwest Gas invites customers who are suffering financial difficulties to visit www.swgas.com/winterbills to learn more about various financial help programs and flexible payment plans.” Southwest Gas also encourages clients to use its Equal Payment Plan (EPP), which makes monthly costs more predictable throughout the year. Customers may also cut their natural gas use by following these helpful conservation guidelines, which can be found at www.swgas.com/tips,” Washburn added.

Credits: 8NewsNow