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Changing Your FreeNode Password
There is no shortage of documentation for common IRC operations like registering your nick and managing channels. But I had quite the time figuring out the syntax for changing my password; turns out it's obvious:
/ns set password new_password
There is no password confirmation - so make sure you type it correctly.
On a related note, for anyone new to IRC, it is possible to bind multiple nicks to your FreeNode account. Just switch to the nick you want to bind and then issue the "group" command.
/nick alternate_nick
/msg nickserv group
You can now authenticate as this alternate nick using the same password as that of your master nick.