A group of rooftop-solar firms and three major companies seeking to leave Nevada Power Co. and buy their own electricity on the wholesale market on Thursday announced the creation of a new group called the Nevada Coalition to Protect Ratepayers.

 

The coalition, which includes the Las Vegas Sands Corp., Wynn Resorts Ltd., Sunrun, SolarCity and Switch, said in an announcement, it will work to promote increased market choices that will reduce costs and increase energy options. Coalition members are committed to exploring options that will protect existing ratepayers, the announcement said.

 

“This coalition is about promoting competition,” said SolarCity CEO Lyndon Rive. “Competition drives down prices, gives consumers more choices in how they get their electricity and has created jobs for Nevada.”