This benefits plan came about after a thorough development and deliberation process to find the best solution for customers in the region. Dominion Energy’s original customer benefits plan included significant up-front refunds ($1,000 for the typical residential customer), and more modest amounts of longer-term bill reductions (approximately 7% from May, 2017 levels). However, there was significant and noteworthy support for long-term substantial bill relief, which resulted in Dominion Energy’s final plan.
The final plan results in customer bills that are lower than the short-term rates implemented by the South Carolina General Assembly and that take SCE&G’s rates from among the highest in the region to levels near or below regional averages, and well below the national average.
Competitive electric rates are very important not only to our new customers’ wallets, but also to a healthy economy in South Carolina going forward.
Natural gas customers will benefit as well, not only from joining a well-known, reliable utility company, but also in receiving $2.45 million in refunds passed back in the form of bill credits over three years, to be distributed annually as follows: $820,000 in February 2019; $815,000 on January 1, 2020; and $815,000 on January 1, 2021.
It’s a new day with Dominion Energy.