Lower electric bills expected
Jeremy M. Lazarus | 5/10/2016, 7:18 a.m.
Warmer winter weather and cheaper natural gas are fueling plans by Dominion Virginia Power to lower electricity costs for residents.
On Wednesday, the company announced the adjustment would save the average resi-
dential customer’s bill 3.8 percent, or about $4.35 a month, based on using 1,000 kilowatt hourspermonth.Businesses,governmentand other commercial customers also would pay less once the adjustment is in place.
The price reduction would become
effective July 1, the company stated in a filing seeking expected approval from the State Corporation Commission to lower the charge it imposes to cover the cost of fuel for its power plants.