Governor Spanberger just made every Virginian’s household more expensive.

by Jeff Reynolds
Virginia has jumped back into the Regional Greenhouse Gas Initiative (RGGI), and residential ratepayers will feel the painโagain.
The last time the state was in the program, under the last Democratic governor, it cost Virginians more than $600 million over three years. Every penny landed on electric bills. Now, Democratic leadership in the Assembly, Senate, and governor’s mansion has reenrolled the state in the “cap-and-invest” scheme, and the latest estimates put the annual hit at more than $500 million going forward. That figure doesn’t even account for rising credit prices now that Virginia’s demand has re-entered the market and driven up costs.
Analyses have pegged the household impact north of $1,500 a year.
Glenn Davis, who helped shape Virginia’s energy policy as director of the state Department of Energy, doesn’t mince words about what this means for families.
“We know everyone’s bill is going to go up,” he told Restoration News.ย
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