It’s summer, and your power bill is spiking.
NV Energy has filed its triennial general rate case, and though the electric utility asked for a deal that wouldn’t affect your power bill, the company wants an 11.5 percent rate increase for operating revenue.
What’s more, Nevada ranked No. 18 in the nation for power costs as of February , according to the U.S. Energy Information Administration, with a rate of 11.7 cents per kilowatt-hour. The national average is 11.1 cents.
So it’s natural for consumers to ask: Would rates be lower if NV Energy had some competition? Is deregulation the ticket to cheaper electricity?
Based on economic theory and hard-earned practical experience, experts from regulatory agencies, consumer groups and utility executives agree the answer is “probably not.”
Continue reading “Deregulated power markets haven’t saved ratepayers cash, observers say“
Is a policy analyst consultant for TCAP, a coalition of political subdivisions in Texas that purchase electricity in the deregulated market for their own governmental use. Because energy costs are typically a significant budget item to our members, TCAP is consistently looking for ways to save our members money, through cost-saving contracts, energy efficiency or demand response programs.