Dominion Virginia Power will raise its electricity rates starting Tuesday by 18 percent, the largest one-time rate increase in three decades, to pay for soaring fuel costs.[...]
"We recognize the impact higher fuel prices will have on our customers,'" Dominion spokesman David Botkins said. "We will do everything we can to minimize the effect by increasing efficiencies, expanding conservation programs and helping those in need."
Hahahahahahahahahahahahahahahahahaha.
OK, now that we're all done with our bouts of hysterical laughter at Dominion's greedy, lying b.s., let's review a few facts:
*Every time we have a thunderstorm or a gust of wind, thousands of people lose power because Dominion's infrastructure's, as they say in England, "shite." So I presume they're going to use all this money to upgrade their power lines and stuff like that? What? They're not? Hmmmm.
*These guys claim they "need" to build a new coal-fired power plant, but that's only because they've done essentially NOTHING in the areas of "increasing efficiencies, expanding conservation programs," as they say.
*Speaking of which, why does Virginia STILL not have a mandatory Renewable Portfolio Standard for Dominion Power? Why are Dominion's profits still coupled directly to the company producing more power at the cheapest possible cost (not counting externalities, of course)? Why doesn't Dominion have a serious demand side management program in place, and no, encouraging people to buy compact fluorescent lightbulbs doesn't count.
*Finally, why do we have a company whose lobbyists are allowed to run roughshod all over Richmond, write their own reregulation legislation, and generally get whatever they want from the people who are supposed to be representing US?!? As the saying goes, "If you're not angry, you're simply not paying attention."
When will these assholes realize that the only way to cheap and affordable energy that doesn't corrupt politics and cause war and conflict in the world is through CLEAN and RENEWABLE energy?
And I still contend the real need for the power on the grid is not coming from NoVA as they want us to believe, but to stabilize the grid further north where they will pay even more for electricity.
When on God's green earth are our leaders and industry going to get it? When is Virginia going to get serious about REAL alternatives and REAL conservation?
I'm not holding my breath, but I sure am carefully guarding my votes.
I've been to the Soviet Union in 1988 and saw the lines and talked to the people. I wonder if Albo even knows anything about "communism"? He seems to like to throw the word around (hilarious as politically he's at least 20 years behind the times!) but doesn't actually understand what it is if he thinks anyone who he might define as "liberal" is also a communist, by definition.
Dave Albo must have drank a little too much beer back in the day.
By law the SCC is bound to approve these increases. And I have no problem with this section of the law or the action that the SCC took in approving these rates. By the code:
Upon investigation of such estimates and hearings in accordance with law, the Commission shall direct each company to place in effect tariff provisions designed to recover the fuel costs determined by the Commission to be appropriate for that period, adjusted for any over-recovery or under-recovery of fuel costs previously incurred.
This I feel is the wrong thing to be skewering them about. Your criticisms of their infrastructure, new coal plant, RPS, and influence in Richmond have nothing to do with the Fuel Charge. If you want better infrastructure, they would have to increase base rates to pay for the capital improvement. If you want DVP to encourage conservation more than education materials and bill inserts, you are going to have direct that by law, regulation, and some mechanism for cost recovery in their tariff. To Dominion's influence in Richmond, they are a big fish in a small pond. I don't know how you get people to care about utility regulation, it is pretty dry stuff.
Since not much else is being done, I think price increases are not a bad thing. They increase the value of my energy efficiency improvements. And for every consumer out there, higher prices increase their return on efficiency improvements. Higher prices increase incentive to improve efficiency and conserve in a way that Virginia's historically low energy prices have not. Last on the price point, Virginia's average retail price is 6.89 cents per kwh (source:EIA). New York's is 15.27 cents per kwh; there are only 12 states with a lower average cost than ours.
"We will do everything we can to minimize the effect by increasing efficiencies, expanding conservation programs and helping those in need."
Liars.
June 19, 2008 Dominion Virginia Power Presents Energy Conservation Plan With Significant Environmental Benefits, Customer SavingsRICHMOND, Va. - Dominion Virginia Power today presented an aggressive energy conservation plan that would produce significant environmental benefits while providing customers with substantial cost savings.
A key component of the plan is the installation of "smart grid" technologies that will enhance the electric distribution system to meet the increasing needs and expectations of customers in the 21st Century.
The smart grid will allow energy to be delivered more efficiently and will result in significant energy savings by allowing more precise control of the energy flow. Dominion expects to invest about $600 million and replace all of its existing electric meters with Advanced Metering Infrastructure (AMI), capable of two-way communications, as well as additional equipment to monitor and control the electric distribution system.
...the ability of customers to monitor and control their electricity use.
Over the next 15 years the plan is expected to result in customer savings in excess of $1 billion through lower electricity use, avoiding the need for two future power stations and delaying the need for two others.
* Incentives for construction of energy-efficient homes
* Incentives for residential and commercial customers to install energy-efficient lighting
* Energy audits and improvements for homes of low-income customers
* Incentives for residential customers who enroll voluntarily to allow the company to cycle their air-conditioners and heat pumps during periods of peak demand (a/c load mgmt, big-time impact here folks)
* Power cost monitors that display how much electricity customers are using and at what cost. (Real-time pricing, really??)
* Incentives for residential customers to upgrade heat pumps to more efficient units or have their heat pumps maintained, or "tuned," to run more efficiently
* Incentives for commercial customers to improve the energy efficiency of their HVAC units and for agreeing to reduce demand during times of peak consumption (demand response)
* Incentives for a refrigerator turn-in program that will allow residential customers who have second refrigerators at least 20 years old to be hauled away and disposed of at no charge
* Avoid carbon dioxide emissions by about 12 million tons over 15 years, equivalent of removing more than 130,000 cars from the road.
* Additional reductions of emissions of sulfur dioxide, nitrogen oxides and mercury are also expected.
* Electricity savings could reach equivalent of electricity used by 216,000 typical homes.
* Will allow customers to better understand and manage the energy costs of individual appliances such as air conditioners, electric strip heating and water heaters
* Will also support the integration of on-site customer generation and future plug-in hybrid vehicles.
I know its might be hard to believe that one can give 2 thumbs up to this plan. Before we congratulation Dominion, again gotta wait till we see the app for the details. Have a nice weekend.
Although the Virginia City Hybrid Energy Facility will be cleaner than most coal plants, it falls far short of environmentalist expectations. Rate payers won't like it either once they figure out how much it will cost them.I haven't seen an accounting of what impact the plant will have on Dominion's electric rates. But $1.8 billion is a lot to spend for a facility that generates only 585 megawatts, enough to power only 146,000 homes...
If you live in Dominion service territory, prepare yourself for electric shock. It's coming!
There may be something here, but I find it difficult to believe that they're currently raising our rates because they don't make enough money and then they'll provide money back (in whatever form) for people to improve efficiency - which would lower consumption which would yield less money to Dominion. I guess they can argue that by giving away money to lower consumption they don't have to invest in new infrastructure, therefore saving money. But somehow I don't believe those numbers are going to come out in our favor.
Incentives would be DVP providing reduced rates, bill credits, or the upgrade service at reduced or no charge. This has to be filed and approved by the SCC though. So, the details of what the incentives will be and whether they will attract any participants to these programs is still up in the air. But all the people who participated in the stop the coal plant movement could show up to the SCC for this filing and make a case for greater efficiency and conservation. Public support of these programs would be helpful.
Prior to the re-regulation bill, DVP's rates were capped. What should they have done? Begged Northern Virginians to stop buying big, power guzzling homes? You want to blame someone about lack of EEC initiatives, the blame starts with us and the politicians who represent us.
Also, even if successful EEC programs had been implemented years ago, the cost of fuel has risen at a rate higher than EEC could have reduced demand. So, the fuel charge would still probably be higher.
New light bulbs and more installation is for residential customers, but when you talk about utility EEC, its huge. And even beyond residential, commercial, non-residential, and large-residential customer EEC will be very significant.
Check out this link and watch Xcel's video at the lower half of the page. There's more but this video gives a good picture of what the smart grid will do.
ALso check out this ad from the Galvin Electric Initiate site. Galvin has been a leading consultant in shape policy towards the more intelligent grid.
And, Lowell, we already knew of this summer's rate hike. The Wise plant is expensive because of technology. It is the best money can buy at the moment, or afford or what the SCC is willing to allow DVP charge its customers for, as far as the cleanest dirty coal go.
The power station includes a ~80MW biomass generator so we should not assume 100% of the project cost is for coal generation. Also since the ruling is mandating further modifications for increasing cleaner air from the plant, we can expect the Wise plant to cost consumers even more than the $1.8b.
Later this year or early next, when price caps are removed, we'll can expect another rate increase.
Lastly, despite our distaste for DVP, not only are our rates among the cheapest in the nation, the increase is well within or below other rate increases in the mid-Atlantic.
Allegheny Power's residential customers will see their annual bills increase an average of 15.7% over the annual bills last year as a result of the June 9 solicitation.Beginning September 1, Baltimore Gas and Electric Type II energy bills will increase by between 26% and 37% compared with the same period in 2007.
Delmarva Power and Light's Type II customers will see an increase in their energy bills on September 1 ranging between 23% and 26% compared with the year before.
Potomac Electric's Type II customers will see an increase in their bills on September 1 between 23% and 24% compared with last year.
Maybe Eric should make a graphic of that one! :)
When Dominion says that they're committed to getting their customers to conserve power, they're lying. You wouldn't expect your dealer to persuade you to cut back on your heroin consumption. Don't expect Dominion to help you buy less power.
See here for more about why "Dominion won't help you kick the habit" - certainly true as long as their profits are DIRECTLY TIED to selling MORE POWER. Can we say "electric rate decoupling?!?"
"Next year, Dominion can seek an increase in its base rate, which funds delivery, power lines, plants and company profit and makes up the remaining 75 percent of a customer's bill."
But never fear, "The company will provide $5 million in emergency grants and allow more customers to take part in a program that allows bills to be paid in 12 nearly equal monthly installments."
Woo-hoo, we get to pay in 12 nearly equal monthly installments. Well, all our problems are solved now!!! ;)