Current Hospitility Trend

Current Hospitality Trend 2

Currently in Las Vegas Nevada, there is an energy issue. In many large cities across the country businesses, residential and industrial buildings have an option to what service provider they would like to use to supply electricity to their buildings. Many states with large population such as New York and Texas have a system where the consumer has an option on the provider they would like to use.

In Nevada, a company called NV Energy is currently supplying proximally 90% of the states power. This is causing a monopoly over the energy business and is resulting in higher energy prices. The average electric bill for a industrial company in Nevada is over twenty thousand a month and for many casinos and large establishments in downtown Las Vegas consume even more power due to the fact of being open all night in many cases. Many companies are complaining that they are being over charged and upon doing price analysis to other states that have an energy market that has competition they found that in some cases they are being over charged by 80% in some cases. The main argument to having a competitive system is that it would encourage companies to use more renewable energy such as solar and other options to power their businesses and homes. Over the past ten years studies have shown that customers that purchase their power from a competitive market has rose from about eight million to approximately twenty million in the span of ten years. NV power would not be put out of business because they would still be operating the grid and charging customers a service fee to maintain the power transition lines. This would still allow NV Energy to stay in business while the other business that is consuming electricity can create a savings so that it can be sued in other areas of the business.

By having the different power companies it would allow the businesses to save money and possibly use the savings