Utilities take a number of factors and a wide range of data into account when setting electricity rates for customers. In 2016, OPPD announced there would be no general rate increase for the next five years.
Nebraska, the only state to be served entirely by public power, ranks among the nation’s lowest in rates. 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, illustrates the rate-setting process.