Richmond, Va.-based Dominion Virginia Power, a subsidiary of Dominion, has asked the Virginia State Corporation Commission (SCC) for permission to offer its customers two new options to purchase renewable energy derived from sunlight, wind, falling water, sustainable biomass, waste, wave motion, tides and geothermal power.
Pending SCC approval, residential and business customers would be able to purchase renewable energy starting in January 2009 through their monthly bills in two ways. The first option would allow customers to offset all of their electrical usage with electricity generated from renewable energy sources. Payments under this option would be added to their monthly bill and would be calculated based on his or her monthly electrical usage and market prices for renewable energy.
The second option offers customers a fixed dollar amount, which they would determine, to be added to their monthly bills for the purchase of renewable energy. The amount of renewable energy purchased would depend on the dollar amount and market prices for renewable energy.
Under both options, Dominion would purchase renewable energy certificates from green power producers in order to provide customers a means of directly supporting production of renewable energy. Dominion will make periodic reports to customers on their purchases of renewable energy.