NPPD raises rates 2%, still among lowest in nation

Columbus, Neb. — Nebraska Public Power District (NPPD) continues to offer some of the most affordable electricity rates in the nation, ranking among the top 5% of cost-effective providers, according to the latest data from the U.S. Energy Information Administration (EIA). NPPD, which benchmarks its rates against over 2,600 utilities nationwide, has consistently ranked among the lowest-cost providers, with retail rates approximately 45% below the national average.

At its recent board meeting, NPPD approved a modest 2% rate increase for retail customers in 2025, translating to an estimated additional $3.25 per month for the average residential customer using 1,000 kilowatt-hours.

Meanwhile, wholesale rates will see no overall increase for the eighth consecutive year.

NPPD President and CEO Tom Kent highlighted the significance of affordable power to Nebraska’s economic growth, particularly as industries expand across the state.

“Affordable, reliable electricity is essential to drawing and supporting businesses, which can provide great economic benefits to our communities and complement our agriculture industry,” Kent said.

The board also approved a Production Cost Adjustment (PCA) credit, delivering approximately $53 million in financial relief to wholesale customers for the seventh year in a row. NPPD’s wholesale rates have remained in the lowest quartile nationally since 2020, placing them in the 16.7 percentile for 2023, as tracked by the National Rural Utilities Cooperative Finance Corporation (CFC).