Dominion Energy to cut bills
3/6/2020, 6 a.m.
It will take a few months, but Dominion Energy expects to begin cutting electricity bills because of lower fuel costs for generating power.
Residential customers are expected to save nearly $6 a month and commercial customers would save up to 10 percent, the company has announced.
The rate cut, which is expected to become effective May 1, reflects the drop in price for natural gas and other fuels because of a warmer winter.
Fuel to generate power represents about 20 percent of the typical residential bill, or a bit less than $24 a month. After the change, the fuel charge would drop to less than $18 a month.
