VA Electric Bills Up Since Deregulation Ended - NBC29 WVIR Charlottesville, VA News, Sports and W...

A report by the State Corporation Commission says electric bills in Virginia have increased since the state ended utility deregulation five years ago.

[Mr-Butcher]

Correlation is not causation.

Deregulation is not why this occurs. Headline should read: VA Electric Bills Up Since Inflation Began.

[Dude]

Mr-Butcher wrote:

Correlation is not causation.
Deregulation is not why this occurs. Headline should read: VA Electric Bills Up Since Inflation Began.

inflation is near or has been around 2%, not 18%.

[Eaglescout1984]

Dude wrote:

<quoted text>inflation is near or has been around 2%, not 18%.

Average ANNUAL inflation has been 2(.26)%, so over 5 years, that's about 11%. Plus, factor in the inflation for crude oil has been 44% over those 5 years, and I would say 18% is well within the rising "cost of doing business"

[Mr-Butcher]

Dude wrote:

<quoted text>inflation is near or has been around 2%, not 18%.

Read the second paragraph, Dude.

"The News-Leader reports much of the increase involves fuel and transmission costs and those for new generating plants that are typically passed on to consumers.

Fuel and transmission costs have risen exponentially over the last 5 years. This is not due to deregulation.

[Dude]

Eaglescout1984 wrote:

<quoted text> Average ANNUAL inflation has been 2(.26)%, so over 5 years, that's about 11%. Plus, factor in the inflation for crude oil has been 44% over those 5 years, and I would say 18% is well within the rising "cost of doing business"

trust me, VA power doesn't operate Chesapeake, which is their only oil plant, gas is at historic lows. I'm okay with them increasing the rates 400% FWIW, I'm pointing out that there is a 7% discrepancy. A large portion of my portfolio is utilities, they're better than TBTF.

[Dude]

Mr-Butcher wrote:

<quoted text>
Read the second paragraph, Dude.
"The News-Leader reports much of the increase involves fuel and transmission costs and those for new generating plants that are typically passed on to consumers.
Fuel and transmission costs have risen exponentially over the last 5 years. This is not due to deregulation.

this is something I know more about than what the article states, and deregulation plays an integral part in it. Dominion has been making record profits, even during regulation, now they're allowed to raise rates ambiguously. Which I'm okay with. It's not my problem if people can't afford electricity.

[Sparky]

Dude wrote:

<quoted text> Dominion has been making record profits, even during regulation, now they're allowed to raise rates ambiguously.

Just like the oil companies. So, what's new?

[heh]

Dude wrote:

<quoted text>It's not my problem if people can't afford electricity.

but you are profiting off it

[thinking free]

Public utilities is where its at, guaranteed returns as passed by law by the state. My grandad made a fortune in utilities (although not in VA)and the beat goes on.

[Pack]

Dominion ceo compensation?$13.9 Million, and drag ass dragon lady gets a bunch too.

[Joe]

We are on a CO-OP in Fluvanna and our prices have gone up over 20% this year. Wish I had Dominion, prices would be lower.