LES 2023 budget and rates

The LES Administrative Board approved the utility’s 2023 budget and rates at its October 2022 meeting, and the Lincoln City Council approved the budget and rates in November.

Top 3 things to know

  1. There will be a systemwide rate adjustment of 4.8%, effective Jan. 1, 2023.
  2. The cost to generate and bring power to you has increased, which is the main driver of this rate adjustment. Inflation and some increasing operating costs are also factors.
  3. There will be minor adjustments to rate schedules as LES continues to align rates with costs.

Overview of 2023 budget and rates

Snapshot of 2023 budget and rates

Summary and redline changes of 2023 rates

News release

LES held a public meeting Oct. 4 on the 2023 proposed budget and rates — see the replay video below.

Questions/Comments about the budget? Email [email protected]

Bill calculator

Use our residential and commercial bill calculators to see an estimated bill with the current rate and the proposed rate, which is based on the proposed 2023 rates, to be effective Jan. 1, 2023. 

Go to the bill calculators

Houses
Where your dollar goes in 2022
  • 46¢ goes to operation and maintenance of the electric system — covers the cost of producing electricity and delivering it to where you live, work and play.
  • 29¢ goes to construction projects and debt payments — essential investments to keep our community’s power safe and reliable.
  • 20¢ goes to payroll and benefits — helps us hire and keep talented employees.
  •  goes to payment in lieu of taxes to local governments — our version of property taxes.

See the video below for a quick look at how our rates are determined ...

 

 

Where your dollar goes in 2023
Where your dollar goes (2023)

 

Rate study statistics
LES' OVERALL ALL-IN PRICE
#
15
lowest price in the nation
RESIDENTIAL ALL-IN PRICE
#
8
lowest price in the nation
COMMERCIAL/INDUSTRIAL ALL-IN PRICE
#
24
Lowest price in the nation


The LES Competitive Market Study ranks residential, commercial and industrial electric prices of 87 cities across the nation. Prices are based on 2020 EIA data. All-in price is the price of electricity determined by dividing LES’ retail revenue by the retail sales of electricity to determine the cents/kWh. 
 

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