What exactly does Question 3 say?
Here is the text as it will appear on your ballot:
Shall Article 1 of the Nevada Constitution be amended to require the Legislature to provide by law for the establishment of an open, competitive retail electric energy market that prohibits the granting of monopolies and exclusive franchises for the generation of electricity?
What happens if my new energy supplier goes out of business?
The State of Nevada will appoint a default energy provider.
If I were to choose an energy supplier, what part of my utility service would change?
You can choose which company supplies you with electricity. NV Energy would continue to deliver that electricity to your home/business over its transmission and distribution system. The new supplier may own electricity generating plants (natural gas, solar, wind, geothermal) or may purchase it from another company.
You would still receive one power bill, but part of your monthly bill would be paid to the power provider and the other part to NV Energy for transmission and service charges.
Where could Nevada business and residents find a list of energy suppliers?
Most energy choice states, such as Texas, have developed websites such as powertochoose.org to provide customers with comprehensive lists of energy suppliers. The companies listed on the website can be sorted by renewable energy, length of contract, price, and customer service rating. Other states offer lists or phone numbers of potential energy suppliers.
Would Nevada business and residents be forced to choose a new electricity supplier?
The Nevada Legislature will make that decision. In some energy choice states, energy consumers do not have to choose a new supplier. They can choose to remain with the incumbent utility. Other states have chosen to prohibit the utility from generating and selling power to consumers.
In both cases, the utility retains ownership of the transmission and distribution grid and responsibility for maintaining the system and billing customers. Energy choice states simply give consumers the right to choose a new supplier, aggregate a community to purchase electricity, or generate their own power.
Will Question 3 eliminate the need for large energy consumers to pay “exit fees” as required by the Public Utilities Commission under the current law (NRS Chapter 704B)?
The Nevada Legislature will be responsible for crafting the law to implement energy choice and pay for the utility’s power plants and infrastructure that have not been fully re-couped. Other states that have transitioned to competitive retail markets have allowed utilities’ stranded costs to be recovered through fees over a period of time, rather than a single, punitive “exit fee.”
Why Energy Choice now?
Every day, states across the country gain more and more experience making free energy markets work for their citizens. That means that our state will be re-approaching the energy choice issue with a wealth of knowledge that will make the transition easier for all involved.
Additionally, technologies such as solar, Tesla lithium batteries, and internet-enabled appliances give consumers many more options for generating their own power and being more efficient. In the 1990s, utilities only had to worry about competition from other power providers; today, they face competition from the consumers they serve.
What are electricity rates like in states with energy choice?
Price trends in states with energy choice have been more favorable to customers than price trends in states with traditional monopolies. This has been the case since states began adopting energy choice in the mid-1990s. For more information, see the Compete Coalition’s full report.
How will competitive energy markets affect average Nevadans?
Nevadans will have access to more choices for purchasing energy from competitive energy suppliers and will also have option to generate or purchase clean electricity.
How will the ballot measure be implemented?
The ballot initiative directs the Nevada Legislature to enact laws providing for electricity choice no later than July 1, 2023. However, the Legislature may begin establishing the open market as early as the 2019 legislative session.
Why is energy choice good for Nevada?
While energy technology has vastly improved in recent years, Nevada laws have not kept pace with innovation. The absence of a competitive energy market in the Silver State has denied Nevadans the freedom to lower their electricity costs, adopt clean energy, and pursue innovative alternatives to traditional energy.
Nearly one-third of Americans already have the ability to choose their electricity suppliers, and several states have successfully transitioned to open energy markets. Data from states with energy choice shows lower electricity costs across all sectors – residential, commercial, and industrial – as well as higher savings for consumers (up to 20%!)
These benefits mean Nevada needs energy choice, now. Nevada law currently authorizes a single utility to provide electric service to customers. This has led to an investor-owned utility company that holds a legal monopoly on our state’s energy markets.
What is Question 3, the Energy Choice Initiative?
Question 3, otherwise known as the Energy Choice Initiative, is a ballot initiative that will appear on the 2018 Nevada ballot. If approved, Question 3 will amend the state constitution to open Nevada’s electricity markets and give consumers and businesses the option to choose their electric service providers based on important factors such as price, reliability, and the ability to purchase more renewable energy.