Nevada business electricity choice

Nevada doesn't have an ordinary switching market. Under NRS 704B, an account using more than 1 MW can petition the PUCN to leave NV Energy entirely and buy power on the wholesale market — but only after paying an exit fee that compensates NV Energy for the customer's departure. Those fees have run from the low millions into the hundreds of millions for the largest accounts, so this is a one-time strategic decision for very large power users, not a routine rate comparison.

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At a glance

Nevada in the national picture.

Regulator: Public Utilities Commission of Nevada (PUCN)
Benchmark rate is called: The NRS 704B exit petition
Open to supplier choice: Electricity only
Who can switch: Business and industrial accounts only — no residential choice

This state We compare rates here Not open to supplier choice

Your utility

Rates are set territory by territory.

Whoever sends your bill today keeps delivering your energy after a switch. What changes is who supplies it. Find yours below — the benchmark you are comparing against is theirs, not the state's.

Electric utilities

NV Energy

Reading an offer

What to check before signing anything in Nevada.

The exit fee is the whole decision

MGM Resorts paid $86.9 million to leave NV Energy in 2016; Wynn Resorts paid $15.7 million. This only makes sense for very large, long-horizon power users.

1 MW threshold

NRS 704B is only available to accounts using more than 1 MW — this is not a program for typical commercial buildings.

Provider of Last Resort risk

Who serves as backup if wholesale supply falls through is still an open regulatory question in Nevada. That risk needs to be priced in, not ignored.

This is not routine rate shopping

Every other market on this list is a comparison. Nevada is a one-time strategic exit decision, and we treat it as one.

Your fixed contract rate Utility default rate Where the fixed rate is ahead

Illustrative. It shows how the two rate types behave — the default rate resets on a schedule, a fixed rate does not — rather than any specific quote. Note the first six months: locking in is not always cheaper on day one. The case for it is the resets you avoid later.

Fixed vs. variable

Why the reset schedule matters here.

Nevada doesn't have an ordinary switching market. Under NRS 704B, an account using more than 1 MW can petition the PUCN to leave NV Energy entirely and buy power on the wholesale market — but only after paying an exit fee that compensates NV Energy for the customer's departure. Those fees have run from the low millions into the hundreds of millions for the largest accounts, so this is a one-time strategic decision for very large power users, not a routine rate comparison.

A fixed contract holds one number straight through those resets. That is what you are actually buying — not a lower rate on day one, but the resets you never feel.

How this works

How an NRS 704B exit actually works.

01

Model the exit fee

NV Energy is compensated for your departure through an impact fee. Fees have ranged from the low millions to hundreds of millions depending on account size — we model this against your projected savings before you file anything.
02

Petition the PUCN

Accounts using over 1 MW can formally petition the Public Utilities Commission of Nevada under NRS 704B to leave NV Energy's bundled service.
03

Transition to wholesale supply

Once approved and the fee is paid, you purchase power on the wholesale market — a fundamentally different arrangement from a standard supplier contract.

Other markets we cover

Find out if Nevada's market works for your account.

Send one recent bill and we will come back with what your account qualifies for today. No cost, and no obligation to switch.

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