NV Energy Announces Summer Bill Reduction, Customers to Save on Electricity Costs

NV Energy customers in Southern Nevada will see an average savings of $50 per month on their power bills during the summer months of July, August, and September. The rate adjustment, approved by the Public Utilities Commission of Nevada, will result in savings of 5% to 16% depending on various factors. However, despite the savings, electric bills are still expected to be higher than last summer due to increased natural gas costs. NV Energy plans to make energy more affordable and expects the cost increase to decrease in the future as natural gas prices stabilize. In Northern Nevada, the average residential customer will save about $20 per month.