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News | News Release Contact: Andy Farmer, (804) 371-9141
For Immediate Release: June 27, 2013
Listen SCC SETS FUEL RATE FOR DOMINION VIRGINIA POWER

RICHMOND — The State Corporation Commission (SCC) has approved a new fuel rate requested by Dominion Virginia Power that will take effect on July 1, 2013.

The new fuel rate is 2.942 cents per kilowatt-hour (¢/kWh), which represents an increase of 0.236 ¢/kWh from the current fuel factor of 2.706 ¢/kWh. For the average residential customer, the fuel rate increase means the monthly bill for 1,000 kilowatt-hours of electricity will increase $2.36, or approximately 2.2 percent.

The fuel rate is the portion of the electric bill that pays for the cost of fuel used to generate electricity and reflects the wholesale purchase and sales of power. Dominion Virginia Power is statutorily entitled to recover its prudently incurred fuel costs. This is a dollar-for-dollar recovery, and the company can make no profit on the recovery of fuel expenses.

The fuel rate is reviewed annually by the SCC and re-set, as necessary, to reflect actual fuel expenses for the previous year and projected fuel expenses for the coming year.

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Case Number PUE-2013-00042
View Order Establishing 2013-2014 Fuel Factor