Dominion Virginia Power Increases Fuel Rate Hike Beginning July 1 | WAMU 88.5 - American University Radio

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Dominion Virginia Power Increases Fuel Rate Hike Beginning July 1

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The State Corporation Commission approved a new fuel rate requested by Dominion Virginia Power. The SCC says the monthly bill for a Virginia residential customer using 1,000 kilowatt-hours of electricity provided by the state's largest utility will increase by about $2.26, or about 2.2 percent beginning July 1.

The fuel rate is the portion of the electric bill that pays for the cost of the fuel used to generate electricity.

Dominion is authorized by law to a dollar-for-dollar recovery but is not allowed to make a profit on the recovery of fuel expenses.

Dominion has about 2.3 million customers in Virginia.

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