Nevada residents are able to choose between a standard flat rate or time of use, or TOU, rates on their electricity usage. Deciding on which of these is the best for you and your family can be confusing, especially if you don’t fully understand how time of use rates work.
In this article, you will learn when Nevada energy peak hours are and how to use this rate structure to your benefit.
What are Time-of-Use (TOU) rates?
Most of the electrical usage is during the mornings and evenings, when most people are home. Off-peak times – usually during the afternoon – have a lower load on the energy grid.
Electrical companies offer lower rates during these off-peak times under what is typically called “time of use” hours and rates. Utilities customers can save big on their monthly electric bills by taking advantage of this rate structure.
How do Nevada TOU rates work?
Nevada TOU hours are used to help lower the load during the times that the majority of consumers are using their electricity. By moving some consumers to the “off-peak” or lower load times, they are taking some of the stress off the heavier time periods when most are active and helping to reduce potential blackouts and brownouts.
In exchange, the energy company will charge less for these lower usage times slots. By knowing when these hours are and what rates are charged, people are able to budget appropriately and schedule their heavy electrical usage times (such as laundry) on off-peak hours.
What are Nevada Energy peak hours?
Here are the latest Nevada energy peak hours and rates for residential and business usage, according to NVEnergy, and are effective as of January 1, 2023.
Northern Nevada Residential
For single family dwellings the Time of Use hours for Summer peak time are July 1-September 30 from 1:01pm to 6pm, Monday through Friday. The Summer peak rate is $0.60722. Summer off-peak hours are July 1-September30, all other hours Monday through Friday and all hours Saturday and Sunday. The Summer off-peak rate is $0.08723. The Winter peak hours are October 1-June 30, from 5:01pm to 9pm daily. The Winter peak rate is $0.11773. Winter off-peak hours are October 1-June 30, all other hours. The Winter off-peak rate is $0.06660.
For multi-family dwellings the Time of Use hours for Summer peak time are July 1-September 30 from 1:01pm to 6pm, Monday through Friday. The Summer peak rate is $0.45524. Summer off-peak hours are July 1-September30, all other hours Monday through Friday and all hours Saturday and Sunday. The Summer off-peak rate is $0.09470. The Winter peak hours are October 1-June 30, from 5:01pm to 9pm daily. The Winter peak rate is $0.11763. Winter off-peak hours are October 1-June 30, all other hours. The Winter off-peak rate is $0.10233.
Southern Nevada Residential
For single family dwellings the Time of Use hours are Summer peak from June 1-September 30 from 1:01pm to 7pm weekdays with a rate of $0.38916. The Summer off-peak hours are June 1-September 30, all other hours with a rate of $0.09463. The Winter hours are October – May all hours inclusive, with a rate of $0.10076.
For multi-family dwellings the Time of Use hours are Summer peak from June 1-September 30 from 1:01pm to 7pm weekdays with a rate of $0.34598. The Summer off-peak hours are June 1-September 30, all other hours with a rate of $0.11968. The Winter hours are October – May all hours inclusive, with a rate of $0.09609.
For large residential dwellings the Time of Use hours are Summer peak from June 1-September 30 from 1:01pm to 7pm weekdays with a rate of $0.38535. The Summer off-peak hours are June 1-September 30, all other hours with a rate of $0.10238. The Winter hours are October – May all hours inclusive, with a rate of $0.10027.
Nevada Business
For GS-1 Customers – Time of Use Periods are Summer peak hours July 1-September 30, 1:01pm to 6pm, weekdays. Summer peak rates are $0.36879. Summer off-peak, all other hours July 1-September 30. Summer off-peak rates are $0.08077. Winter peak hours Oct 1-June 30, from 5:01pm to 9pm, daily. Winter peak rates are $0.09190. Winter off-peak, all other hours Oct 1-June 30. Winter off-peak rates are $0.08078.
For GS-2 Customers – Time of Use Periods are Summer peak hours July 1-September 30, 1:01pm to 6pm, weekdays. The Summer peak rate is $0.13403. Summer mid-peak hours are July 1-September 30, 10:01am to 1pm and 6:01pm to 9pm, weekdays. The Summer mid peak rate is $0.11543. The Summer off-peak hours are all other hours from July 1-September 30. The Summer off-peak rate is $0.08625. Winter peak hours are October 1-June 30, from 5:01pm to 9pm daily. The Winter peak rate is $0.08422. The Winter mid-peak hours are October 1-June 30, from 7:01 am to 5pm daily. The Winter mid-peak rate is $0.07488. The Winter off-peak hours are October 1-June 30, all other hours. The Winter off-peak rate is $0.07435.
For GS Customers – Time of Use Periods are Summer peak hours June 1-September 30, 1:01pm to 7pm, weekdays. The Summer peak rate is $0.14175. The Summer off-peak hours are all other hours from June 1-September 30. The Summer off-peak rate is $0.09351. Winter hours are October 1-May 31, from 5:01pm to 9pm daily. The Winter rate is $0.09220.
For LGS-1 Customers – Time of Use Periods are Summer peak hours June 1-September 30, 1:01pm to 7pm, weekdays. The Summer peak rate is $0.18954. The Summer off-peak hours are all other hours from June 1-September 30. The Summer off-peak rate is $0.08640. Winter hours are October 1-May 31, from 5:01pm to 9pm daily. The Winter rate is $0.08538$0.08422.
Go Solar, Save More
TOU rates can help homeowners save big on their utility bills when taken advantage of. If you want to save even MORE on your energy expenses, consider switching to solar energy. Contact Solar Optimum if you have any questions or just want to know more about the benefits of solar energy.
For more information about peak and off-peak Nevada energy hours and rates, you can contact us. We’re here to help.
