Northern Nevada PUC approves lower utility rates
NV Energy Inc., the parent firm of Sierra Pacific Power Co., says the rates approved will lower the monthly electric bill $7.21, to $98.22 for the average household.
Typical monthly gas bills will drop $5.84 to $70.41.
The new rates take effect October 1.
The Bureau of Consumer Protection, however, had sought an ever-larger decrease in electricity rates by urging the commission to refund to consumers more than $64 million in over charges collected by the utility to over its own power and fuel costs.
Related News
UK electricity and gas networks making ‘unjustified’ profits
LONDON - Companies that run Britain’s electricity and gas networks, including National Grid, are making “eye-watering” profits at the expense of households, according to a well-known consumer group.
Citizens Advice believes £7.5bn in “unjustified” profits should be returned to consumers who pay for network costs via their electricity and gas bills, although its figures have been contested by the energy industry and regulator.
Ownership of electricity and gas networks came under the spotlight in the run-up to June’s general election, after the Labour party said in its manifesto it would bring both national and regional grid infrastructure to back into public ownership over time.
Electricity sector privatisation began in 1990…
