Dominion Virginia Power Proposes Reduction in Customer Bills
Dominion Virginia Power customers can expect to see lower electricity bills this summer if a fuel rate proposal the company made recently is approved by the Virginia State Corporation Commission (SCC).
The company proposed a reduction in its fuel charge that would lower the monthly bill of a typical residential customer, who uses about 1,000 kilowatt-hours a month, by $4.35, or about 3.8 percent. With the adjustment, the typical residential bill would have increased by just under 4 percent since July 2008 – less than half the rate of inflation over the same eight-year period.
“At Dominion our goal is to operate at high levels of efficiency in order to keep bills low for our customers. We have done this, and the efficiency from our generating units, combined with the low cost of natural gas and the generally milder weather, has led to this positive announcement,” said Robert M. Blue, president of Dominion Virginia Power, “Providing reliable and affordable energy in an environmentally responsible manner is our core mission, and this proposal to reduce customers’ bills is yet another step forward in our ongoing effort.”