It is passing strange that the Nevada Public Utilities Commission has put out an unsolicited speculation on what might happen if the voters were to again approve at the ballot box in November a constitutional amendment ending the electric power monopoly in the state. The so-called Energy Choice Initiative passed by more than 72 percent in 2016.
But it is downright laughable how the report expresses feigned solicitude for the poor residential ratepayer.
“If history and experience are any type of guide, commercial and industrial customers, will fare far better, at least initially, than the average Nevada residential family through this proposed change,” the report states. “Large commercial customers, who currently cannot depart bundled electricity service pursuant to NRS Chapter 704B may financially benefit the most, as they cannot currently access a competitive open marketplace that my offer benefits to high-volume users.”
This is the same PUC that currently sets those residential, commercial and industrial rates.
According to the U.S. Energy Information Administration, the residential rates set by the PUC were the highest among the eight Mountain states in January 2018, while the commercial rates was the third lowest and the industrial rate was the second lowest in the region.
While residents paid 12.36 cents per kilowatt-hour, commercial customers paid 8.04 cents and industrial users paid only 5.28 cents. Thirty-one states have lower residential power rates than Nevada, according to the EIA. Only four states have lower industrial power rates. Only three states have lower commercial rates.
Aren’t you glad the PUC is looking out for you?