The Shadow
RICHMOND — Dominion Energy customers in Virginia can expect a nearly $6 decrease in their monthly residential electric bills later this year under a proposed fuel rate adjustment.
The state’s largest electricity supplier announced Friday that a proposed fuel rate adjustment would result in roughly a 5 percent reduction in the average residential bill. Industrial customers would see an even greater rate drop of about 10 percent.
The reduction would go into effect May 1, 2020, if approved by the State Corporation Commission. Dominion says that improved efficiency at its natural gas plants and increased solar generation are fueling the rate drop.
“We remain focused on providing customers with reliable service, increasingly clean energy and a great value for their energy dollar,” said Robert M. Blue, president, Dominion Energy Virginia. “This proposed fuel reduction shows we are running an efficient operation and providing excellent service to our customers.”
Dominion Energy recently committed to net-zero carbon emissions across its 18-state footprint by 2050.
The company is developing the largest offshore wind project in America and is the fourth largest owner of solar energy in the country among utility holding companies.
