By Steve Haner,
Two years ago, Dominion Energy Virginia predicted that by 2035 a residential customer using 1,000 kilowatt hours of electricity would pay $174 per month.ย That represented a 50% increase over the first 15 years of compliance with the Virginia Clean Economy Act.ย The current bill, just five years into the age of VCEA, is already just below $160.
It its revised integrated resource plan, filed with the State Corporation Commission last week and discussed in another Baconโs Rebellion post today, the company is now predicting the 2035 price for that residential customer using exactly 1,000 kWh will be $255.79, which is instead a 120% increase over the cost at the time VCEA passed.
There is that $140 per month or almost $1,700 per year figure for the increased power bill cost that is popping up in some House of Delegates campaigns.ย That prediction initially came from a 2022 report issued by the Center for the American Experiment.ย And Dominionโs internal estimates are not the only ones published in the IRP.ย It has a second set of figures, higher, which use a method for estimation recommended by the SCC staff.ย
Below is the chart that Dominion included in its 2023 IRP document that predicted the cost increases for the capital plan it preferred at that time.


















