Va. electric bills up since deregulation ended

Va. electric bills up since deregulation ended

Credit: ASSOCIATED PRESS

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WVEC.com

Posted on November 24, 2012 at 11:01 AM

STAUNTON-- A report by the State Corporation Commission says electric bills in Virginia have increased since the state ended utility deregulation five years ago.

The News-Leader reports much of the increase involves fuel and transmission costs and those for new generating plants that are typically passed on to consumers.
 
The commission has approved about $1.3 billion of additional revenue since 2007 for Dominion Virginia Power. A residential customer using 1,000 kilowatt-hours of electricity each month has seen bills rise 18 percent, or $16.63, in the past five years to $107.23.

The commission says average bills for customers of Shenandoah Valley Electric Cooperative have fallen 5 percent since 2007, while bills for BARC Electric Cooperative customers have risen slightly.

The commission's review was ordered by the Legislature.

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