By Steve Haner

With the release of its latest 15-year plan to expand energy generation in the Commonwealth, Dominion Energy Virginia has increased the projected cost of residential electricity in 2035 to almost $216 per 1,000 kilowatt hours, a 24% increase over the same projection in its 2023 planning document.ย
If the $216 comes to pass, it will represent about $100 per megawatt hour more (up 86%) than the same residential customer was paying in 2020, just before the implementation of the Virginia Clean Economy Act.ย If 1,000 kilowatt hours is the monthly average usage, the annual bill will be up about $1,200.ย Many customers, of course, use much more power than that per month.ย ย ย
The comparable projection in the plan introduced last year was $174 for 1,000 kilowatt hours of juice in 2035.ย The current price is about $143 for that much residential electricity.ย Another projected future price in the analysis, using assumptions dictated by regulators but resisted by the utility, sets the new 2035 price at $277 and puts the 2039 price at $315 — more than three Benjamins for one modest monthly power bill.ย ย
This analysis also includes, for the first time, a projected future cost for Dominionโs thousands of customers in northeastern North Carolina.ย With different state laws and regulators, Dominion reports North Carolinians will pay $127 for that 1,000 kWh by the end of this year and only $202 by 2035.ย Somewhere in the 406-page document, the difference might be explained.ย ย










