Electricity rates — Virginia Electric & Power Co
A household served by Virginia Electric & Power Co using 1,000 kWh a month pays about $1,708.36 a year on the cheapest of 4 generally available plans — 1S Residential Service (Demand Time-of-Use) from Virginia Electric & Power Co. Rates checked September 2, 2026. A further 4 schedules are published but restricted — means-tested, closed to new customers, or needing particular equipment — and they are priced further down.
Every priced plan, 1,000 kWh/mo
| Plan | Per year | vs cheapest | Effective |
|---|---|---|---|
| 1W Residential Service (Time Controlled Storage Water Heating)flat rate · needs electric heating | $1,467.36 | −$241.00 | 12.2¢ |
| 1S Residential Service (Demand Time-of-Use)✓ cheapesttime-of-use · demand charge | $1,708.36 | — | 14.2¢ |
| 1EV Residential Service with Electric Vehicle Charging (Experimental)time-of-use · experimental | $1,937.34 | +$228.98 | 16.1¢ |
| Residential Energy TOU Schedule 1Ttime-of-use | $1,956.24 | +$247.88 | 16.3¢ |
| Residential Schedule 1G (Experimental Service)time-of-use · experimental | $1,969.07 | +$260.71 | 16.4¢ |
| Residential Schedule 1time-of-use · tiered | $2,022.36 | +$314.00 | 16.9¢ |
| EV Residential Electric Vehicle Charging (Experimental)time-of-use · experimental | $2,267.16 | +$558.80 | 18.9¢ |
| Residential Off-Peak Plantime-of-use | $3,048.09 | +$1,339.73 | 25.4¢ |
Cost across usage levels
The cheapest plan at each consumption level, showing whether the ranking holds as usage changes.
- 500 kWh/mo — cheapest $932.07 (1S Residential Service (Demand Time-of-Use)), dearest $1,569.54, a $637.47 spread
- 1,000 kWh/mo — cheapest $1,708.36 (1S Residential Service (Demand Time-of-Use)), dearest $3,048.09, a $1,339.73 spread
- 2,000 kWh/mo — cheapest $3,260.81 (1S Residential Service (Demand Time-of-Use)), dearest $6,005.26, a $2,744.45 spread
What a typical bill costs
At 1,000 kWh a month the 8 priceable plans here run from $1,708.36 on 1S Residential Service (Demand Time-of-Use) to $3,048.09 on Residential Off-Peak Plan, with a median of $1,989.30.
The spread is $1,339.73 a year — about $111.64 a month for identical electricity.
Effective rates, bill divided by kilowatt-hours, span 14.2¢ to 25.4¢ per kWh at that usage.
How the answer changes with usage
1S Residential Service (Demand Time-of-Use) is cheapest at every level tested — $932.07 a year at 500 kWh a month, $3,260.81 at 2,000 kWh.
The penalty for a poor choice grows with usage: $637.47 a year at 500 kWh against $2,744.45 at 2,000 kWh.
Cheapest 6 plans at 1,000 kWh a month
1W Residential Service (Time Controlled Storage Water Heating) — $1,467.36 a year, 12.2¢ per kWh effective, flat rate. It carries a $4.49 monthly standing charge.
1S Residential Service (Demand Time-of-Use) — $1,708.36 a year, 14.2¢ per kWh effective, time-of-use and demand-charged. It carries a $12.99 monthly standing charge.
1EV Residential Service with Electric Vehicle Charging (Experimental) — $1,937.34 a year, 16.1¢ per kWh effective, time-of-use. It carries a $7.58 monthly standing charge.
Residential Energy TOU Schedule 1T — $1,956.24 a year, 16.3¢ per kWh effective, time-of-use. It carries a $12.99 monthly standing charge.
Residential Schedule 1G (Experimental Service) — $1,969.07 a year, 16.4¢ per kWh effective, time-of-use. It carries a $7.58 monthly standing charge.
Residential Schedule 1 — $2,022.36 a year, 16.9¢ per kWh effective, tiered and time-of-use. It carries a $7.58 monthly standing charge.
How these plans are structured
Of 8 priceable plans: 1 tiered, 7 time-of-use, 1 with demand charges, 1 flat-rate.
Fixed monthly charges run from $3.14 to $12.99.
Who provides these plans
Virginia Electric & Power Co was found serving Richmond, Virginia. 8 of its 8 published residential schedules can be priced.
The largest saving available here
Moving from Residential Off-Peak Plan to 1S Residential Service (Demand Time-of-Use) saves $1,339.73 a year at 1,000 kWh a month, with no change in consumption.
What this does not cover
7 of these plans price by hour. WattClear does not know which hours a household uses, so those estimates carry lower confidence and say so on the figure.
New to these terms? The methodology page explains tiered bands, time-of-use periods and fixed charges, and sets out exactly what the rate engine assumes.
Estimate — your actual bill may differ.
Tariff structures from NREL/OpenEI Utility Rate Database (CC0 1.0), retrieved September 2, 2026.
Location resolved through the US Census Bureau Geocoder (Public domain) at 37.5407, -77.4360.