
By Steve Haner
The State Corporation Commission Friday approved two separate increases in Dominion Energy Virginiaโs rates; one caused by the Virginia Clean Economy Act (VCEA) and the other related to regional transmission services. Combined they add more than $5 to a 1,000-kilowatt hour residential bill effective September 1.ย
The VCEA driven increase is an additional $2.99 on what is called Rider RPS, for โrenewable portfolio standard.โ The case ended with Dominion approved to collect the $609 million over one year that was pending earlier this year. The money is not for electricity or power lines or operating cost, but for intangible โrenewable energy certificatesโ Dominion must buy because it missed the VCEAโs goals for its own renewable production.
The transmission increase is another $2.10 which is passed through to pay the regional PJM Interconnection energy marketplace, in this case for transmission and for the demand reduction programs it operates. The SCC doesnโt set transmission rates but accepts those imposed by the Federal Energy Regulatory Commission (FERC.)ย That is imposed on bills through Rider T1. (You can find a list of all Dominion riders, costs in addition to base rates, here.)
The two rider increases come in addition to an increase in the portion of the monthly bill dedicated to collecting fuel costs, which is Rider A. Effective July 1, the basic fuel charge for Dominion customers โ in this case all types of customers pay the same per kWh โ rose from $20.74 to $29.68 per 1,000 kWh, a healthy 43% jump. ย ย That should just be hitting bills now.















