Dominion Energy Virginia proposes new rates to continue delivering reliable service and increasingly clean energy
Dominion Energy Virginia (NYSE: D) has filed proposals with the Virginia State Commission for new base and fuel rates. The company requests its first base rate increase since 1992, proposing increases of $8.51 per month in 2026 and $2.00 per month in 2027 for typical residential customers.
The rate adjustments reflect rising costs in labor, materials, and equipment, as well as power capacity and fuel costs. A separate fuel rate increase of $10.92 monthly for typical residential customers is proposed to take effect July 1, 2025, which includes the expiration of a $3.99 fuel credit.
The company's residential rates have increased approximately 40% lower than inflation over the past decade. Additionally, Dominion Energy is proposing a new rate class for high energy users, including data centers, requiring a 14-year commitment to pay for requested power capacity.
Dominion Energy Virginia (NYSE: D) ha presentato proposte alla Commissione dello Stato della Virginia per nuove tariffe di base e per il carburante. L'azienda richiede il suo primo aumento della tariffa di base dal 1992, proponendo un aumento di $8.51 al mese nel 2026 e $2.00 al mese nel 2027 per i clienti residenziali tipici.
Le modifiche alle tariffe riflettono l'aumento dei costi del lavoro, dei materiali e delle attrezzature, così come dei costi di capacità energetica e carburante. È proposta un'ulteriore aumento della tariffa per il carburante di $10.92 mensili per i clienti residenziali tipici, che dovrebbe entrare in vigore il 1° luglio 2025, e include la scadenza di un credito per il carburante di $3.99.
Le tariffe residenziali dell'azienda sono aumentate di circa il 40% in meno rispetto all'inflazione nell'ultimo decennio. Inoltre, Dominion Energy propone una nuova classe tariffaria per gli utenti ad alto consumo energetico, inclusi i centri dati, che richiede un impegno di 14 anni per pagare la capacità energetica richiesta.
Dominion Energy Virginia (NYSE: D) ha presentado propuestas a la Comisión del Estado de Virginia para nuevas tarifas base y de combustible. La empresa solicita su primer aumento de tarifa base desde 1992, proponiendo aumentos de $8.51 al mes en 2026 y $2.00 al mes en 2027 para clientes residenciales típicos.
Los ajustes tarifarios reflejan el aumento de los costos de mano de obra, materiales y equipos, así como los costos de capacidad eléctrica y combustible. Se propone un aumento separado de la tarifa de combustible de $10.92 mensuales para clientes residenciales típicos, que entraría en vigor el 1 de julio de 2025, y que incluye la expiración de un crédito de combustible de $3.99.
Las tarifas residenciales de la empresa han aumentado aproximadamente un 40% menos que la inflación en la última década. Además, Dominion Energy está proponiendo una nueva clase de tarifas para usuarios de alto consumo energético, incluidos los centros de datos, que requieren un compromiso de 14 años para pagar la capacidad eléctrica solicitada.
도미니언 에너지 버지니아 (NYSE: D)는 버지니아 주 위원회에 새로운 기본 요금 및 연료 요금 제안을 제출했습니다. 이 회사는 1992년 이후 첫 번째 기본 요금 인상을 요청하며, 일반 주거 고객을 위해 2026년에 월 $8.51 및 2027년에 월 $2.00의 인상을 제안하고 있습니다.
요금 조정은 노동, 자재 및 장비의 증가하는 비용과 전력 용량 및 연료 비용을 반영합니다. 일반 주거 고객을 위한 별도의 연료 요금 인상도 제안되었으며, 이는 2025년 7월 1일부터 시행될 예정이며, $3.99의 연료 크레딧 만료를 포함하여 월 $10.92입니다.
회사의 주거 요금은 지난 10년 동안 인플레이션보다 약 40% 낮게 증가했습니다. 또한 도미니언 에너지는 데이터 센터를 포함한 고에너지 사용자를 위한 새로운 요금 클래스를 제안하고 있으며, 요청된 전력 용량에 대해 14년 간의 약정을 요구합니다.
Dominion Energy Virginia (NYSE: D) a soumis des propositions à la Commission de l'État de Virginie pour de nouveaux tarifs de base et de carburant. L'entreprise demande sa première augmentation de tarif de base depuis 1992, proposant des augmentations de 8,51 $ par mois en 2026 et 2,00 $ par mois en 2027 pour les clients résidentiels typiques.
Les ajustements tarifaires reflètent l'augmentation des coûts de la main-d'œuvre, des matériaux et des équipements, ainsi que les coûts de capacité électrique et de carburant. Une augmentation séparée des tarifs de carburant de 10,92 $ par mois pour les clients résidentiels typiques est proposée pour entrer en vigueur le 1er juillet 2025, ce qui inclut l'expiration d'un crédit de carburant de 3,99 $.
Les tarifs résidentiels de l'entreprise ont augmenté d'environ 40 % moins que l'inflation au cours de la dernière décennie. De plus, Dominion Energy propose une nouvelle classe tarifaire pour les utilisateurs à forte consommation d'énergie, y compris les centres de données, nécessitant un engagement de 14 ans pour payer la capacité électrique demandée.
Dominion Energy Virginia (NYSE: D) hat Vorschläge bei der Virginia State Commission für neue Basis- und Brennstoffpreise eingereicht. Das Unternehmen beantragt die erste Erhöhung des Basispreises seit 1992 und schlägt Erhöhungen von 8,51 $ pro Monat im Jahr 2026 und 2,00 $ pro Monat im Jahr 2027 für typische Haushaltskunden vor.
Die Preisänderungen spiegeln die steigenden Kosten für Arbeitskräfte, Materialien und Ausrüstung sowie die Kosten für Stromkapazität und Brennstoff wider. Eine separate Erhöhung des Brennstoffpreises von 10,92 $ monatlich für typische Haushaltskunden wird vorgeschlagen, die am 1. Juli 2025 in Kraft treten soll und das Auslaufen eines Brennstoffguthabens von 3,99 $ beinhaltet.
Die Wohnpreise des Unternehmens sind in den letzten zehn Jahren um etwa 40 % weniger als die Inflation gestiegen. Darüber hinaus schlägt Dominion Energy eine neue Preisgruppe für energieintensive Nutzer vor, einschließlich Rechenzentren, die eine 14-jährige Verpflichtung zur Zahlung der angeforderten Stromkapazität erfordert.
- First base rate increase since 1992 shows long-term rate stability
- 99.9% power delivery reliability outside major storms
- Rate increases have been 40% lower than inflation over the past decade
- New 14-year commitment requirement for high-energy users reduces financial risk
- Base rate increase of $8.51 (2026) and $2.00 (2027) per month for residential customers
- Additional $10.92 monthly fuel rate increase effective July 2025
- Rising costs in labor, materials, and equipment affecting operational expenses
- Expiration of $3.99 fuel credit
Insights
Dominion Energy's proposed rate increases represent a significant revenue opportunity but with extended implementation timeline that dilutes near-term impact. The combined monthly increases of
Most notable is that this represents Dominion's first base rate increase since 1992 - an extraordinary 33-year period without base rate adjustments. The company has managed its cost structure effectively, with residential rates increasing approximately
The proposed new rate class for data centers is strategically sound, requiring 14-year payment commitments regardless of actual usage. This creates revenue predictability while protecting other ratepayers from potential stranded costs if data centers reduce consumption or relocate.
However, investors should recognize several moderating factors: 1) The phased implementation means revenue benefits won't materialize until mid-2025 through 2027; 2) Virginia's regulatory environment may not approve the full requested increases; 3) The proposal primarily addresses cost recovery rather than margin expansion; and 4) The extended gap since the last rate increase suggests potential for regulatory scrutiny or modification.
Dominion's rate proposal represents a comprehensive regulatory strategy addressing multiple objectives simultaneously. First, by requesting the first base rate increase since 1992, the company has positioned this as a rare, justified adjustment rather than a recurring pattern of increases. Second, the company strategically proposes shifting power capacity costs from base rates to fuel rates, which typically face less intensive regulatory scrutiny.
The proposed new rate class for high-energy users represents an innovative regulatory approach. The 14-year commitment requirement creates a strong contractual framework that ensures data centers and similar customers pay for grid infrastructure costs even if their actual usage patterns change.
From a regulatory perspective, the phased implementation (fuel in 2025, base rates in 2026-2027) appears designed to moderate the immediate bill impact while giving regulators a straightforward framework for evaluation. However, the complete package represents a substantial bill increase during an inflationary period, which could generate consumer advocacy opposition.
The Virginia State Commission will likely scrutinize whether reliability improvements and customer growth genuinely necessitate the full requested increases. Dominion's citation of
- Proposed rates reflect the increasing cost of labor, materials and equipment, power capacity and fuel, as well as grid upgrades to reliably serve customer growth
- If approved, proposal would be the company’s first base rate increase since 1992
- If approved, new fuel rate would take effect on July 1, 2025, and new base rates would take effect in 2026 and 2027
- Company proposes new rate class for high energy users, including data centers, and additional consumer protections
The company requested base rate increases of
The request reflects significant inflationary pressures since 2023, when the company filed its last biennial case, including increases in the cost of labor, as well as materials and equipment such as cables and wires, utility poles, transformers and power generation equipment. The increase also reflects needed investments to reliably serve a growing customer base.
“We’re focused on providing exceptional value for our customers every single day,” said Ed Baine, President of Utility Operations and Dominion Energy Virginia. “Outside of major storms, we deliver uninterrupted power
Baine added, “We know our customers are feeling the impact of inflation in other areas of their lives, and some of our customers may need assistance with their power bills. We’re here to help. Our Energy Share program not only offers among the most supportive bill assistance in the country, but also provides free home energy efficiency upgrades to help lower your energy use and save on your monthly bills.”
To promote rate stability, the company is also proposing to move power capacity costs from the base rate to the annual fuel rate. These power capacity costs are set by PJM, the regional electric grid operator, and assigned to Dominion Energy Virginia. They reflect the increasing demand for power throughout the region and the company’s service territory. This requested change, in addition to the fuel cost of extended cold weather in January 2025 and higher forecasted fuel commodity prices, will result in a
If approved, the new fuel rate would take effect on July 1, 2025, and the new base rates would take effect on January 1, 2026 and January 1, 2027.
In addition to new rates, the company also proposed a new rate class for high energy users, including data centers, as well as new consumer protections to ensure these customers continue to pay the full cost of their service and other customers are protected from stranded costs. Under the proposal, high energy users would be required to make a 14-year commitment to pay for their requested power – even if they use less.
About Dominion Energy
Dominion Energy (NYSE: D), headquartered in
News Category:
View source version on businesswire.com: https://www.businesswire.com/news/home/20250331363175/en/
Media Contact:
Aaron Ruby, 804-489-8081, aaron.f.ruby@dominionenergy.com
Investor Contact:
David McFarland, 804-819-2483, david.m.mcfarland@dominionenergy.com
Source: Dominion Energy
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