Dominion Customers May See Cheaper Bill This Fall
Monthly electric charges could drop to an average of $105 per household by September.
Gas prices may be going up and up, but cost of electricity, at least for Dominion customers, is dropping. The average household electricity bill is expected to drop to $105.90 in September, the company says, a 5.7 percent decrease from January 2012. The calculation is based on the an average use of 1,000 kilowatt-hours. The drop is owed largely to a decrease in Dominion's fuel rate. The proposed fuel rate is 2.706 cents per kilowatt-hour – a decrease of approximately 18 percent from the current fuel rate of 3.289 cents per kilowatt-hour, said Dominion spokeswoman Le-Ha Anderson. The adjustment is the lowest the company has proposed since 2007, Anderson said. It will result in an annual fuel revenue reduction of $388 million. In a company …
