LES 2023 budget and rates

Public meeting Oct. 4

LES will hold a public meeting on the 2023 proposed budget and rates Oct. 4, 2022, 6-7:30 p.m. in person at the LES Operations Center (9445 Rokeby Road in Lincoln) and virtually.

Top 3 things to know

  1. A systemwide rate adjustment of 4.8% is proposed.
  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. Minor adjustments to rate schedules are proposed as LES continues to align rates with costs.

If attending in person, enter the facility off Rokeby at 91st Street gate and park in the lot on the west side of the building; enter through Door 50. If attending virtually, use the following Microsoft Teams link or phone access.

Join the Microsoft Teams meeting at 6 p.m. Oct. 4
Phone number: +1 402-979-7656 United States, Omaha (Toll)
Phone Conference ID: 387 417 83#

Overview of proposed budget and rates

Snapshot of proposed budget and rates

Summary and redline changes of proposed rates

News release

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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