Dominion Energy Seeking Natural Gas Rate Hike - FIRST PROPOSED RATE HIKE IN 16 YEARS
[The rate hike filed by Domion Energy is the first in 18 years. Learn what it could mean for your Ohio natural gas rates in the coming year.]_Dominion Energy has filed to hike its gas distribution rate. The proposed rate could cost family's over $100. Find out if bit will happen and how to save on your Ohio natural gas rates in the coming year._
A proposed DOMINION ENERGY rate hike could see their natural gas base service charge increase by about $13 per month [https://fox8.com/news/dominion-rate-increase-would-raise-natural-gas-bills/]. Some news reporting make the increase sound like the cost of natural gas per cubic foot is increasing by $13. But, that’s not what is happening. We’re going to go over what this proposed rate increase will actually mean for Ohio natural gas prices [https://www.ohenergyratings.com/ohio-natural-gas-rates-by-city] and your future bills.
WHY IS DOMINION ENERGY SEEKING A RATE HIKE?
According to DOMINION ENERGY [https://www.ohenergyratings.com/companies/dominion], they are filing the rate hike to recoup its investment on repairs and improvements since 2007. They’ve put about $4 billion worth of work [https://www.cantonrep.com/story/news/local/stark-county/2023/12/01/dominion-energy-ohio-seeks-to-increase-natural-gas-distribution-rates/71753028007/] into maintenance, replacing pipelines and meters, and general operating costs without a rate increase since 2...
