The Price of Power Plants for the Future

Nevada Power has announced an increase in power costs on account of new power plants designed to make generating power more efficient. These facilities are said to be more efficient than others in the region and provide substantial benefits to customers.

News 3 reports:

"Is another increase in your power rates on the horizon? A two percent increase is already on the boards for June, but on Monday Nevada Power was before the Public Utilities Commission asking for another 7.4 percent.

"These power plants are highly efficient...In other words, they burn fuel more efficiently than existing power plants either in our system or in the region..."

Sierra Pacific resources claims benefits come from more efficient plants. I am curious as to why more efficient plants cause benefits including raised rates. More efficient would suggest lower costs to create the power leading to lower rates to consumers. It seems the benefits may be in the fact we have cutting edge power generation technology and that will cause lower rate hikes in the future as inflation naturally drives up prices. For now, southern Nevada home owners be prepared for a potential increase.

ABC 13 suggested a few tips:

  • Make sure your thermostat is level and set between 78 and 80 degrees. It will save you as much as 10% on your bill.
  • Cover windows and keep drapes closed during the day.
  • Use fans with the air conditioner to help circulate the cool air.
  • Get all of your chores done during cooler times of the day.

As a side note, fuel prices seem to rise all around us. Gasoline prices have shot up nationally. Las Vegas gasoline is currently at around $2.83 per gallon.