The regional electric grid that supplies power to Virginia during times of extreme weather announced a 1,400% increase in some electric costs after its most recent capacity auction. But Dominion officials were quick to assure customers that they would not see an increase in their bills before the end of next year.
PJM Interconnection, which oversees the electric grid serving several mid-Atlantic states, including Virginia, announced the increase for its capacity market. Dominion buys electricity off of capacity markets during peak, or emergency, demands.
