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.