Dominion Virginia Power has asked the Virginia State Corporation Commission to approve 12 new energy efficiency and demand reduction programs, including full scale deployment of smart meters, and our plan for meeting the state’s voluntary renewable power generation goal.
Smart meters will revolutionize the delivery of electricity and save our Virginia customers more than a billion dollars. Other conservation programs will provide our customers with additional options for saving energy and controlling their electricity bills.
Taken together, we expect these programs to save our customers at least $1.2 billion over the next 15 years. They will hold down our costs for fuel, purchased power and new plant – and these savings will be passed along to our customers in addition to the savings they will experience on their own bills.
By 2024, they are expected to reduce total electricity consumption in Virginia by 2.4 million megawatt hours and cut carbon dioxide emissions by 15 million tons, or the equivalent of removing approximately 165,000 cars from the road for a 15-year period, according to a U.S. Environmental Protection Agency estimate.
Dominion has already been active in developing renewable power sources. We currently have approximately 1,500 megawatts of renewable generation – enough to power 375,000 homes -- in production or under development.
Read the full press release.
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