All customers of Dominion Energy Virginia and Appalachian Power in Virginia will begin soon to pay an extra monthly charge related to the coming Percentage of Income Payment Program, the General Assembly’s new electricity cost subsidy for low-income residential customers.
The PIPP was initially created in the 2020 Virginia Clean Economy Act and then revised with a bill in 2021, but just when then bill subsidies begin is still to be determined. The Department of Social Services, which will determine eligibility, still needs to devise the program. No start date is specified in the law.
The bill charges we will be paying in advance are just to raise the $3 million per year that is being allocated to cover that administrative task. The General Assembly has ordered customers to pay that, too, perhaps not being aware that it would soon be sitting on a $2.6 billion surplus.
Here are the July 29 State Corporation Commission orders establishing the charge for Dominion and APCo customers. Dominion customers will provide $2.4 million and APCo customers $600,000 per year. Far larger amounts will be collected when the benefits begin to flow in the future. Continue reading