Nevada Electricity Prices

Relatively, yes — 12.77¢ per kilowatt-hour in July 2026, 2nd-cheapest of 51 and 33.7% below the national benchmark.

At Nevada's July 2026 average of 12.77¢/kWh, 10,500 kWh of annual use works out to $1,341 a year — around $112 a month. Running the same 10,500 kWh calculation at the July 2026 national benchmark rate gives $2,023 — a $682 gap between the two published averages, less for Nevada, not a bill either way.

Over the full EIA series the Nevada jurisdiction average has risen 69% since January 2001, from 7.55¢ to 12.77¢ in July 2026 — a compound 2.1% per year. Month-to-month movement has been about typical for a reporting jurisdiction.

April 2023, at 17.59¢ per kilowatt-hour. The July 2026 reading of 12.77¢ sits 27.4% below that peak. The lowest monthly average on record was 7.55¢ in January 2001.

November. Measured over the 25 complete calendar years the EIA series covers for Nevada, 2001 through 2025, November runs highest relative to its own year and July runs lowest — a swing of roughly 7.7 percentage points.

Among Nevada and its land-border neighbours in July 2026, Nevada posts the lowest average at 12.77¢ and California the highest at 33.61¢. That makes Nevada the cheapest in the group, at 12.77¢.

Almost certainly not exactly, and this is the one caveat that governs every figure on this page. The published value is the EIA residential average across every utility and residential rate class in Nevada for July 2026 — a benchmark, never a billed amount. Even the jurisdiction figure is not one number — across the trailing year it moved between 12.53¢ in August 2025 and 14.38¢ in February 2026. Your own rate depends on your utility, tariff, usage tier, time-of-use schedule, and fixed monthly charges, none of which this index models. Read your bill for the rate that applies to you.