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VA Electric Bills Up Since Deregulation Ended - NBC29 WVIR Charlottesville, VA News, Sports and Weather

VA Electric Bills Up Since Deregulation Ended

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STAUNTON, Va. (AP) - A report by the State Corporation Commission says electric bills in Virginia have increased since the state ended utility deregulation five years ago.

The News-Leader reports much of the increase involves fuel and transmission costs and those for new generating plants that are typically passed on to consumers.

The commission has approved about $1.3 billion of additional revenue since 2007 for Dominion Virginia Power. A residential customer using 1,000 kilowatt-hours of electricity each month has seen bills rise 18 percent, or $16.63, in the past five years to $107.23.

The commission says average bills for customers of Shenandoah Valley Electric Cooperative have fallen 5 percent since 2007, while bills for BARC Electric Cooperative customers have risen slightly.

The commission's review was ordered by the Legislature.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.  Information from: The Daily News Leader, http://www.newsleader.com

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