If the State Corporation Commission approves two Dominion Virginia Power filings for rate increases, residential rates will go up almost six percent for some 2.4 million customers, starting September 1. The bulk of that rate hike – 4.1% – would be to cover spiking natural gas and purchased electricity prices the utility paid to power…
Category: Renewable energy
FERC official: "We are now in an era of rising electricity prices."
A steady reduction in nationwide generating capacity in increasing electricity rates, according to Federal Energy Regulatory Commission member Phillip Moeller. “We are now in an era of rising electricity prices,” he told the Los Angeles Times. “If you take enough supply out of the system, the price is going to increase.” In fact, electric rates…