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RESIDENTIAL
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COMMERCIAL
Effective October 2024, the Residential Base Rate (Summer) is 9.254 cents per kilowatt. The current Seasonal Fuel Cost Adjustment (FCA) rate is 2.728 cents per kWh.
The average residential home with 1,100 kWh usage will have a bill of $149.05. Overall, the average residential customer will see a decrease in their total bill of $4.21 or -2.7% less than prior month.
Customers with an additional meter for residential purposes can reduce costs on their monthly service and energy charge with the Supplemental Residential Rate.
Temperature plays a crucial role in determining electricity consumption. Extreme temperatures, both hot and cold, lead to increased energy consumption and higher electricity bills, as households try to maintain comfortable indoor temperatures.
Humidity whether low or high impacts energy usage. When humidity is high it makes it feel warmer and when it is low it makes the air feel cooler. Both causing increased usage and higher bills.
Example:
Keeping your home at 70°F on a hot 100°F Day requires more energy to be used than on an 85°F. In addition, your heating system uses more energy to keep a warm 70°F inside when it's a freezing 10°F Day than on a milder day.
TVA charges customers a higher rate in the summer (June- September) and winter (December-March), when it costs the most to produce power because of increased customer usage. Rates are lower during transitional months (April-May & October-November).
During mild weather, TVA can get by using its hydroelectric dams, coal units and nuclear units to meet the demand for electricity. These are the cheapest ways for TVA to generate power. On a hot day, TVA must add its natural gas-fired power plants and purchase additional power from other generators to meet the demand. These are the most expensive ways to produce power.
Recurring Monthly Charges
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Historical RatesNES rates are regulated by the Tennessee Valley Authority. All residential customers pay the same electric rate regardless of social status, income or place of residence.
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NES Service ChargeThe monthly service charge is necessary to cover the recurring costs of providing electric service, such as installation, maintenance and replacement of poles, transformers and other equipment, upgrades to meet the demands of our growing population, tree trimming, payment processing and customer service.
Energy Usage Residential Charge Supplemental Residential Charge Tier 1 0-500 kWh $12.06 $15.60 Tier 2 501-2000 kWh $16.96 $20.50 Tier 3 2001-4000 kWh $24.96 $28.50 Tier 4 4001-6000 kWh $30.66 $34.20 Tier 5 More than 6000 kWh
$36.70 $40.24 -
Grid Access ChargeTVA’s Grid Access Charge (GAC) is necessary to cover the fixed cost associated with maintaining the electric grid. NES had to design a fair and equitable way to pass those costs through to customers. The rate is based on your average usage for the past 12 months.
Energy Usage Residential Charge Supplemental Residential Charge Tier 1 0-500 kWh $4.50 $2.25 Tier 2 501-2000 kWh $7.33 $5.07 Tier 3 2001-4000 kWh $7.33 $5.07 Tier 4 More than 4000 kWh $7.88 $5.63
Current Power Rates (Summer)
The summer seasonal fuel cost adjustment (FCA) rate is 2.815 cents per kWh.
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General Power Rates
Schedule Demand GSA-1 Less than or equal to 50 kW GSA-2 Greater than 50 kW and less than or equal to 1,000 kW GSA-3 Greater than 1,000 kW and less than or equal to 5,000 kW LGS-1 Greater than 5,000 kW and less than or equal to 15,000 kW LGS-2 Greater than 15,000 kW and less than or equal to 25,000 kW LGS-3 Greater than 25,000 kW -
Large Manufacturing Rates
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Time-of-Day Rates
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Optional Commercial Rates
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Outdoor Lighting Rates
Schedule Contract Requirements LS Street and park lighting, traffic signals, athletic field installations, outdoor lighting for individual customers -
Demand ChargesDemand is a measurement of how much energy is used by a customer at any one time. Since electricity cannot be stored, TVA must have the capacity to generate enough power to instantly meet each customer’s highest demand for power.
Your demand charge is based on the highest 30-minute period of electricity used during your monthly billing cycle. The rate GSA-1 and GSA-2 customers pay is $5.34 per kW for the first 50. The rate for demand above 50 kW is based on GSA-2 and GSA-3 rate tariffs.
To reduce your demand, stagger the use of equipment that requires large amounts of power to operate, such as air handlers and air conditioning compressors. By operating equipment at different times instead of simultaneously, you reduce the demand on the system and lower your demand charges.
Small Manufacturing Credit
This credit is available for GSA-3 customers whose SIC codes are 2000 through 3999. The credit is applied as $.01076 per kWh, $1.38 per kW for the first 1,000 kW of metered demand, and $1.63 per kW for additional kW of metered demand above 1,000 kW.
Tax Exemption Status
Non-profit customers, and manufacturing customers that have a reduced tax rate, must present a certificate of exemption for each separate location they operate. A campus with buildings spanning multiple streets is considered one location. You may submit a copy of your tax exemption certificate via email to [email protected], by fax to 615-732-6774, or by mail to: Nashville Electric Service, Rates Billing & Collections – Room 422, 1214 Church St, Nashville, TN 37246.
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Historical Rates