Setting rates

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electricity rates

Utilities consider a number of factors and a wide range of data when setting electricity rates for customers. In 2016, OPPD announced there would be no general rate increase through 2021.

Nebraska, the only state served entirely by public power, has rates that rank among the nation’s lowest. Information from the U.S. Energy Information Administration (EIA) published in January 2018 shows Nebraska has the 15th lowest rates in the country. Nebraska’s 9.05 cents-per-kilowatt hour average rate compared favorably to the U.S. average of 10.27 cents.

The following infographic, based on information from OPPD and the American Public Power Association, explains the rate-setting process.

electricity rates

Jason Kuiper

About Jason Kuiper

Jason Kuiper joined OPPD as a communications specialist in 2015. He formerly worked as a staff writer and reporter at the Omaha World-Herald.

Joe Comstock

About Joe Comstock

Joe Comstock is the creative coordinator for OPPD’s Corporate Marketing & Communications group. Skilled in all things creative, he can make the mundane - magical, the trite - tantalizing and the difficult – digestible.

One thought on “Setting rates”

  1. I wanted to thank you for helping me learn more about electricity rates. In the infograph, it says that there is a rate adjustment strategy that can be factored in where it figures how rates will be implemented over the next few years. This sounds very useful especially if it can help someone plan and budget for how much the rates will be.

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