Dominion Energy has presented an official proposal in front of the Virginia State Corporation Commission that will raise the base rate to $8.51 monthly in 2026 and $2 per month in 2027 for a “typical residential customer.” This proposal, if approved, will have residential customers paying 15% more in the upcoming years. If you are someone who wants to know more about Dominion Energy’s proposal for a price hike, this article is for you. It brings you everything we know so far about the proposal and the SCC hearing scheduled in September.
State Corporation Commission Schedules Hearing On September 2
The State Corporation Commission has officially declared the date for a hearing to evaluate the base prices on September 2. People interested can stream the hearing online as well. If you are someone who wants to comment on the price hike, you will have to sign up by completing a State Corporation Commission public witness form for case number PUR-2025-00058. The deadline is August 26 before 5 PM. You can also call the SCC at 804-371-9141 between 8:15 a.m. and 5 p.m. weekdays.
The commission is also going to accept written comments through its website or by mail to the Clerk of the State Corporation Commission, c/o Document Control Center, P.O. Box 2118, Richmond, VA 23218-2118.
Why Does Dominion Energy Want To Increase The Base Price?
According to the reports, Dominion Energy has presented a proposal to shift the demand-related costs from the base price to the fuel factor. This is to offer more stable bills for the customers of Dominion Energy. In case the proposal is approved, the residents of the state will witness a jump in the electricity bill from $140 to $161.43 from the 1st of January 2027. According to what Dominion Energy stated, the price hike will help it secure more revenue. The increased revenue will help them handle inflation and continue investing in service reliability.
Dominion Energy’s Bill Assessment Program
Ed Baine, president of utility operations and Dominion Energy Virginia, stated that the company knows its customers are also battling inflation. He further added that the customers who need assistance can access its multifaceted program called “Energy Share.” Through this program, Dominion Energy offers financial assistance worth $300/year in cooling assistance and $600/year in heating assistance. It also includes efficiency upgrades to lower costs. Those who need assistance can visit the official website and save on their bills.
Dominion Energy’s First Base Rate Increase Since 1992
According to the reports, in case the authorities approve the proposal for base price hikes, this will be Dominion Energy’s base price hike since 1992. The company that is based in Richmond is responsible for catering to more than 3.6 million customers in Virginia, along with North and South Carolina. Out of the 3.6 million customers, around 2.5 million reside in Virginia, including areas like Central and Southside Virginia and the Alleghany Highlands. The company describes itself as the leading developer and operator of regulated offshore wind and solar power in the nation. It also claimed that it is the largest producer of carbon-free electricity in New England.
