Virginia ratepayers smacked with 50% increase in electricity bills
By
Kevin Mooney
|
June 3rd, 2025
Virginia residents will continue to experience a sharp increase in their electricity bills based mostly on “green” energy mandates in the run up to this year’s gubernatorial race.
Earlier this year, Dominion Energy—the state’s public utility headquartered in Richmond—submitted applications for rate increases to the State Corporation Commission, the state regulatory authority overseeing utilities, that will begin to show up on monthly bills.
After analyzing the applications, Stephen D. Haner, a senior fellow for environment and energy policy at the Thomas Jefferson Institute for Public Policy, identified the Democrats’ 2020 Virginia Clean Economy Act (VCEA) as the major culprit. He’s expecting an almost 50% increase for Virginia ratepayers within the next two years.
The 1,000-kilowatt hour monthly bill was about $116 just before VCEA was implemented, but Haner expects “pending price increases” to take this amount to about $170 in 2027. But that’s not the end of it, Haner explained, since VCEA compliance costs will continue to pile up.
https://www.cfact.org/2025/06/03/virginia-ratepayers-smacked-with-50-increase-in-electricity-bills/
