Dominion Energy customers in Virginia will see rate reduction

Due to a proposed fuel rate reduction, customers of Dominion Energy in Virginia will see an average decrease of $6 in their monthly residential electric bills.

The fuel rate reduction is driven by the strong performance of Dominion’s fleet in Virginia, particularly the company’s combined cycle power stations. They provided excellent reliability and affordability to customers while also reducing carbon emissions by displacing coal. Also, Dominion’s increasing renewable portfolio reduced both fuel costs and carbon emissions.

“We remain focused on providing customers with reliable service, increasingly clean energy and a great value for their energy dollar,” Robert Blue, president, Dominion Energy Virginia, said. “This proposed fuel reduction shows we are running an efficient operation and providing excellent service to our customers.”

Under the proposal, industrial customers will see an overall rate reduction of around 10 percent while the residential customers will see a decrease of around 6 percent, effective May 1, pending State Corporation Commission (SCC) approval. The fuel charge comprises about 20 percent of a typical residential bill. Dominion’s rates will be well below national, state, and regional averages.

Dominion Energy recently committed to net-zero carbon emissions by 2050. It is developing the largest offshore wind project in America and is the 4th largest owner of solar energy in the United States.