Southwest Gas Announces Lower Utility Bills for Nevada Customers Starting July 2025

Overview of the Announcement

In a significant relief for residents in Nevada, Southwest Gas Corporation has announced that utility bills will witness a decrease starting from July 1, 2025. This positive change comes as a result of the Public Utilities Commission of Nevada's approval to lower the Deferred Energy Account Adjustment (DEAA), which is a key component in the company’s gas cost rates. This move is set to benefit customers by offsetting previous increases in the Annual Rate Adjustment (ARA) and the Base Tariff Energy Rate (BTER), making it a timely response to favorable market conditions.

Understanding the DEAA

The DEAA operates as a regulatory mechanism designed to keep track of the cost differences in natural gas that Southwest Gas purchases for its customers compared to what it recovers from them. The approval for a reduced DEAA credit rate came after thorough discussions and agreements involving the Regulatory Operations Staff from the Public Utilities Commission and the Bureau of Consumer Protection. The aim is clear: to ensure that residents benefit from the lower natural gas prices witnessed in recent months.

Impact on Customers

Starting July 1, customers in Southern Nevada can expect a $0.20 DEAA credit rate per therm, while those in Northern Nevada will see a slightly higher rate of $0.25 DEAA credit per therm on their bills. Calculating the overall savings from this adjustment, a typical single-family residential customer in Southern Nevada may save approximately $10.56 per month, whereas Northern Nevada customers could enjoy about $18.39 in reduced billing. These estimates reflect how the DEAA credit interacts with the ARA and BTER increases coming into effect on the same date.

Market Conditions and Future Prospects

As highlighted by Amy Timperley, Senior Vice President and Chief Regulatory Officer at Southwest Gas, current market trends indicate a decline in natural gas prices. By enhancing the DEAA credit rate ahead of schedule, the company aims to quickly deliver these savings to its customers, underscoring its commitment to assist residents during this economically sensitive period.

Commitment to Transparency

It's crucial for consumers to understand how their bills are structured, including how factors like gas usage, weather variations, and market conditions play a role in monthly charges. To support transparency, Southwest Gas encourages customers to visit its official website, where a wealth of resources on understanding utility bills is available.

About Southwest Gas

Established as a dynamic energy provider, Southwest Gas Corporation prides itself on delivering safe and reliable energy services to over 2 million consumers across Arizona, California, and Nevada. The company remains dedicated to innovating sustainable energy solutions that drive community growth and development. More information about their services and initiatives can be accessed on their website at www.swgas.com.

Conclusion

This adjustment in utility pricing not only promises immediate financial relief but also reflects Southwest Gas's strategy of adapting to market shifts and consumer needs. As customers prepare for these changes in July, they can be assured that their utility provider is working diligently to provide the best possible rates while maintaining service excellence.