Dominion Energy has requested rate increases that could tack on nearly $20 to the average customer’s bill by next year to accommodate for the “cost of labor, materials and equipment, power capacity and fuel,” the energy provider announced Tuesday.
Dominion Energy filed rate increase requests, which propose new base and fuel rates, with the Virginia State Corporation Commission Monday. The commission is the regulatory agency in charge of the state’s utilities and would need to approve any rate increase.
Specifically, Dominion requested base rate increases of $8.51 per month starting in January 2026 for residential customers, and another $2.00 per month starting in January 2027. This would be the first increase of the base rate, or the base cost of generating power, since 1992…