Dominion Energy Seeks Rate Hikes Amid Rising Inflation Costs" Virginia customers could see higher bills as Dominion Energy pushes for price

# **Dominion Energy Proposes Steep Rate Hikes—Customers Brace for Higher Bills**

**Norfolk, VA** – Dominion Energy has filed a request with state regulators to increase electricity rates, citing inflation, infrastructure investments, and rising operational costs. The proposed hike could add **$14.50 per month** to the average residential bill, sparking backlash from consumer advocates and residents already struggling with soaring living expenses.

## **Why the Sudden Increase?**

Dominion’s filing with the **Virginia State Corporation Commission (SCC)** outlines several factors driving the rate adjustments:

- **Inflation & Supply Chain Costs**: Energy infrastructure projects now cost significantly more due to economic pressures.
- **Grid Modernization**: Upgrades to aging power lines, substations, and cybersecurity defenses require funding.
- **Renewable Energy Initiatives**: Dominion claims its shift toward solar and wind power demands upfront investment.
- **Regulatory Compliance**: Stricter environmental and federal mandates add to operational expenses.

If approved, the **new rates would take effect in late 2024**, following a public comment period and SCC review.

## **Public Outrage & Opposition**

Consumer rights groups argue that Dominion—Virginia’s largest utility—is unfairly shifting financial burdens onto households. Key concerns include:

- Households already grappling with high grocery, housing, and fuel costs will face additional strain.
- Critics question whether Dominion has exhausted cost-saving measures before resorting to rate hikes.
- Some accuse the utility of exploiting its monopoly status, limiting competition.

**Aaron Kidd, a Norfolk resident**, told BNN, *"Every few years, it's another increase. At what point do we say enough is enough?"*

## **What’s Next?**

The SCC will hold hearings where Virginians can voice concerns. Meanwhile, Dominion insists the hikes are necessary for long-term reliability.

### **What Do You Think?**

- Should Dominion absorb more of the cost increases instead of passing them to consumers?
- Is Virginia too dependent on Dominion’s monopoly, and should alternative providers be allowed?
- Are renewable energy investments worth higher bills now if they lead to savings later?
- Would you support a state investigation into Dominion’s profit margins before approving rate hikes?

Share your thoughts—BNN wants to hear from you!