Natural gas utility rates in Nevada have dropped again, marking a 30% decrease since January 2009. Electric rates also decreased, and NV Energy attributed both retail utility rate drops to a combination of factors, with lower wholesale natural gas costs being a major one. With a 10.72% decrease in retail gas rates for its northern Nevada customers, the utility said the average monthly gas bill for residential customers will be more than $22 less than it was in 2009. “Adding today’s decreases will roll back total natural gas prices to 2001 levels and total electric utility prices to 2004,” NV Energy said. Factors driving the downward trend besides lower wholesale gas prices are a new state-of-art combined-cycle gas-fired generation plant, a broader, more gas-fired utility owned generation fleet and a decline in energy costs generally.
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