State Passes Clean Energy Act. What’s the Cost on Consumers?

Background: Virginia passed the Virginia Clean Economy Act that requires requires Virginia to join the Regional Greenhouse Gas Initiative & be carbon neutral by 2045

Were consumer utility costs estimated? Yes.

What happened? The cost for consumer estimate has doubled to $800 per year

What is being asked of utilities during the process at the Public Utility Commission?

• Include a least-cost option compliant with the law
• 3 high cost components of compliance by a utility included: a second offshore wind buildout, a pumped storage unit, and continued operation of an “uneconomic” coal-biofuel hybrid plant through 2045

Utility Dive | Virginia regulatory staff project $800 annual customer bill increase for Dominion to meet clean energy law