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Compared to customer rates at the time of the original hike request in March, it is a net 1% increase. Other adjustments in Dominion’s submission include a one-time bill credit of $7.5 million ...
But a hearing notice from the PSC said the average Dominion customer in South Carolina would actually see an $18.86 monthly increase in electricity bills if approved — a 12.89 percent increase.
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With declining block rates, the per-unit price of utility consumption decreases as the energy consumption increases. Typically a declining block rate is offered only to very large consumers. If conservation is the goal, regulators can promote conservation by letting prices rise. A third possible rate design is a flat rate which charges the same ...
In 2022, 18 percent of Dominion's total electric production came from coal, 23 percent from nuclear power, 48 percent from natural gas, and 11 percent from Hydro and other renewables. [14]
In 2010, ODEC agreed to purchase the output of the Criterion Wind Project under a 20 year contract. [4] Northern Virginia Electric Cooperative was a member of the cooperative until 31 December 2008, when it terminated its contract. [5] TEC Trading is a Class B member of Old Dominion and is owned by ODEC's member cooperatives.