Virginia 14% electricity rate hike

[Dave 1234]

Dominian power wants to bump its rate for power by 14%.

Why does this matter? Lots of reasons , but of interest to us little consumers . We will see this SOON, in our locations too . If a big consumer of many megawatts of power wants to move into your area due to low crime , low taxes , good shipping , lots of water . (any reason) .

But here is the rub. Fifty years ago that big megawatt consumer also needed hundreds of ppl to work at that plant . Now , thats not the case , but you are going to get stuck with paying a fat increase in your bill , as long as you are alive for that new , one huge megawatt consumer .

[Rob R.]

Happy Easter Dave. We have been hit with some steep increases from NYSEG, both on the supply side and now the delivery costs as well.

Attached is a 12 month graph of just the supply charges. If it stays at 0.12 per kWh for supply I will be looking at $600 monthly bills this summer. Only a few years ago we were paying 0.12/kwh including delivery.

I may have to finally replace my mercury vapor yard light with an LED.

[Dave 1234]

Happy Easter Dave. We have been hit with some steep increases from NYSEG, both on the supply side and now the delivery costs as well.

Attached is a 12 month graph of just the supply charges. If it stays at 0.12 per kWh for supply I will be looking at $600 monthly bills this summer. Only a few years ago we were paying 0.12/kwh including delivery.

I may have to finally replace my mercury vapor yard light with an LED.

Happy Easter Rob ,

Yup , big costs for us , with little up-side . Most of my life has been spent in industrial power distribution . Unless you are willing to live like the Amish , I don't see a way to fix this .

[waytomany?s]

Happy Easter Rob ,

Yup , big costs for us , with little up-side . Most of my life has been spent in industrial power distribution . Unless you are willing to live like the Amish , I don't see a way to fix this .

Would a solar addition help offset the increase?

[Dave 1234]

If the inverter and panels are bought right , set up all the core loads to run only solar, and use grid power when desperate , yes . But if you have a wife, that means you'er going to divorce court sooner or later .

So , ........most guys need grid power .

[Rob R.]

Would a solar addition help offset the increase?

I’ve considered it, but reducing consumption seems to have a much faster payback. I’ll see how much I can reduce my annual kilowatt hours and then see what makes the most sense from there. At least that way if I do decide to go solar, it will be a smaller system.

[waytomany?s]

I’ve considered it, but reducing consumption seems to have a much faster payback. I’ll see how much I can reduce my annual kilowatt hours and then see what makes the most sense from there. At least that way if I do decide to go solar, it will be a smaller system.

With the increase in distribution charges how does one calculate the break even point? That is my view as far as the future goes. I'm waiting to see where it's cheaper to make it and store it for yourself vs business and city grids being attached to the grid. If you could break up the monopoly of nat grid, would delivery be cheaper? Going back to local co-op style, like what Paul gets and the Sherrill electric near me.

[ColdHouse]

I took the Solar plunge and Got the Retail price for my Grid Connected System. So, I get to use as much as I want and don't need to store it. It matters not when I use it. I get full retail and then some, REC credit of 4.33 cents per kWh produced whether sent to grid or used for every kwh produced.
Last year, entire 12 months produced 14,600 kWh. So no matter how you look at it, I didn't pay the utility company for that energy.

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[warminmn]

With your high KW charge that your power company charges that adds up CH. And 10 years from now the rates will be even higher. It does make sense for a lot of people to take the plunge. Others, maybe not.

[Retro_Origin]

It's sad that with more automation and technology prices go up. Looks like we will all be looking for ways to cut usage. Looks like another summer of walking around my house in my underwear.

[ColdHouse]

It's sad that with more automation and technology prices go up. Looks like we will all be looking for ways to cut usage. Looks like another summer of walking around my house in my underwear.

If you have an EV, one way to cut usage would be to walk, ride a bike, or use your ICE vehicle.

[ColdHouse]

With your high KW charge that your power company charges that adds up CH. And 10 years from now the rates will be even higher. It does make sense for a lot of people to take the plunge. Others, maybe not.

What made the most sense for me was getting in when I did. They offered full retail net metering and a 4.3 cent per kWh REC credit. So I have no need for battery storage or backup. Straight to and from the grid. At the time most people argued with it.

[Richard S.]

I get full retail and then some, REC credit of 4.33 cents per kWh

This is one reason your power is so high to begin with. The REC is purchased by the power company to meet mandates and they are paying you retail for something they can purchase far cheaper wholesale.

The REC and mandates that provide a market for them need to end. Same thing with retail purchase, you should get no more than wholesale and capped at about no more than 10% over your total power consumed.

[waytomany?s]

This is one reason your power is so high to begin with. The REC is purchased by the power company to meet mandates and they are paying you retail for something they can purchase far cheaper wholesale.

The REC and mandates that provide a market for them need to end. Same thing with retail purchase, you should get no more than wholesale and capped at about no more than 10% over your total power consumed.

I think that's the way it works around here

[waytomany?s]

What made the most sense for me was getting in when I did. They offered full retail net metering and a 4.3 cent per kWh REC credit. So I have no need for battery storage or backup. Straight to and from the grid. At the time most people argued with it.

So, with what you have produced, consumed, and not paid for, where do you currently stand?