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.