Rates for Dominion Energy customers to drop on September 1

Posted at 11:02 AM, Aug 31, 2017
and last updated 2017-08-31 13:48:39-04

RICHMOND – Electric rates for Dominion Energy residential customers will drop on September 1.

According to Dominion, the typical 1,000 kilowatt-hour residential monthly bill will drop by $1.55 largely due to a $2.07 reduction in transmission-related costs.

The company says they’re still upgrading and modernizing their transmission system but transmission-related costs still declined since last year.

Dominion says the new lower rates will be well below state, regional and national averages. The new monthly bills will be 6.5% below the Virginia average, 13.7% below the national average, 15.2% below the D.C. regional average and 22.6% below the East Coast average.