By Steve Haner,

Dominion Energy Virginia is proposing to delay until March 2027 to bill its customers for the Regional Greenhouse Gas Initiative (RGGI) carbon allowances it must buy starting July 1.ย When the cost hits, however, it could be $13 a month or $156 per year for a typical residential customer.
The final decision rests with the State Corporation Commission, which will now open a case on the request (the full set of application documents is here.)ย When the Energy Commission of Virginia meets tomorrow with a RGGI rebate idea on its agenda, now the legislators have a real (and painful) customer cost prediction to chew over.ย
Dominion filed its application to reinstate what it calls Rider RGGI, which was on customer bills during the three previous years Virginia was part of the 11-state carbon tax, cap and trade compact. ย When last Dominion customers paid Rider RGGI, it was about $4.40 per month for 1,000 kilowatt-hours.ย That may now be almost triple.ย
But the carbon prices set a record in the June 4 auction of $35 per ton, and in its application Dominion assumed prices through 2028 of up to $38 per ton of emitted carbon dioxide.ย Dominion expects to buy and retire 51 million such carbon credits by the end of 2028. ย The $7-8 per month in RGGI customer cost that was predicted in that article proved to be wishful thinking.














