Dominion: lower fuel rate should save customers $6 a month

Richmond
dominion energyyyyyyy'_1551210897272.JPG.jpg

RICHMOND, Va. (AP) — DominionEnergy says a reduction in fuel rates should save its Virginia customers an average of $6 a month later this year under a new proposal.

The state’s largest electricity supplier announced Friday that a proposed fuel rate adjustment would result in roughly a 5 percent reduction in the average residential bill. Industrial customers would see an even greater rate drop of about 10 percent because the fuel rate makes up a bigger part of a typical industrial bill.

The reduction would go into effect May 1 if approved by the State Corporation Commission.

Dominion says that improved efficiency at its natural gas plants and increased solar generation are fueling the rate drop.

LATEST HEADLINES

Copyright 2020 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

StormTracker 8

Trending Stories

Don't Miss

More Don't Miss

Local Events