Comment Re:Who could have seen this coming (Score 1) 214
Why do you think the energy prices might be increasing, thus necessitating this letter from the county? It surely couldn't be the increased demand from all the data centers, could it?
Well, looking at the past 10 years it seems that Virginia had kept rates considerably lower than surrounding areas. And even after this jump they're on the lower side of regional energy inflation.
I used some of the evil AI to poke at things and it shakes out like this:
Cumulative 10-Year Price Growth (2016 vs. 2026)
According to historical data trackers and recent U.S. Energy Information Administration (EIA) reports, the Central East Coast regional footprint has seen some of the most volatile electricity pricing in the nation:Central East Coast States (NJ, NY, PA, DE, MD):
Over the last 10 years, retail electricity prices across all sectors in these neighboring states rose by an average of 35% to 45%.
In particular, states like Pennsylvania and New Jersey experienced massive wholesale and retail spikes due to regional grid capacity updates.
VEPGA Negotiated Portfolio: From 2016 to 2024, VEPGA’s collective bargaining kept municipal rate growth remarkably flat—averaging under 1.5% in annual baseline changes. However, the 2025 base adjustments and the massive 24.9% hike starting July 1, 2026, pushed VEPGA's total 10-year cumulative increase to roughly 32% to 35%.
further poking at ye olde Gemini, credibly suggests that ~30% of the price increases area-wide ARE from grid capacity buildout and the rest is just general inflation, including fuel, and catchup maintenance.
So a 25% rate increase this year, is true. the implied 25% annual rate increase or some massive spike the past few years... not really... it was mostly due to delayed increase from artificially low increases the previous several years. And in absolute terms they're still cheaper than anything to the mid-atlantic states and around the same level as the rest of the south east.
(see e.g. https://www.chooseenergy.com/e...