Dominion requests rate increasePublished 10:58pm Friday, May 3, 2013
Dominion Virginia Power customers would see their bills rise slightly if state regulators approve a Friday request from the utility company for a fuel rate increase.
A 1,000 kilowatt-hour bill would go up by $2.36, according to a press release from the company. The increase would occur July 1 if approved by the State Corporation Commission.
Dominion says the increase is needed because of higher fuel prices and rising electrical demand. The company earns no profit on what it collects for fuel and passes any savings or increases directly to customers.
The typical cost for Dominion service still would be below regional and national averages, according to the company.
The fuel rate, which makes up about 25 percent of a typical residential bill, pays for the natural gas, coal, uranium and biomass the company purchases to generate electricity for its 2.3 million Virginia customers.
State regulators also recently approved an increase for the company’s energy efficiency programs, which goes into effect this week. Other proposed increases equal $1.32.
For more information on Dominion, visit www.dom.com.