by Steve Haner
A House of Delegates committee has approved expanding a state-managed program to subsidize electric bills for some lower-income Virginians, hoping to reach more people and offer them more assistance. It also approved a new plan to grant lower-income homes lower water rates.
The utility companies involved will not absorb the cost of giving these customers discounts. They will instead be allowed to collect the subsidy money from all their other customers.
As advocates lined up to praise the two bills in testimony last week, the word โaffordabilityโ escaped their lips too many times to count. A member of the State Corporation Commission staff used the term โsocialized cost.โ Economists refer to โtransfer paymentsโ that move money from one person to another. Just call it energy welfare, Virginia.
The electricity program involved is the Percentage of Income Payment Program, or PIPP, which was first created by the 2020 Virginia Clean Economy Act. The House Labor and Commerce Committee approved House Bill 884, with the amended version expanding the program to Dominion Energy or Appalachian Power customers with a household income of up to 200 percent of the federal poverty level (FPL).ย













