Data centers push electric bills higher in Virginia
Electric bills in Virginia have jumped since 2022 as data centers soak up power, which is bad news for people already stretched thin.
- Typical household electric bills in Virginia are up sharply, driven by the data center boom and grid upgrades.
- Utilities are building thicker lines and bigger towers to serve data centers, and regular customers pay for it through their bills.
- A $67 billion Dominion Energy–NextEra merger covering millions of customers is under review, with public hearings running into early November.
- The state's net-zero-by-2050 plan would need solar farms covering 277,000 acres of farmland and forest, drawing complaints over lost trees and water use.
- Rising power and water bills are squeezing spending on restaurants, travel, and theme parks, pointing to weak corporate results this winter.
Outlook: Expect more pressure on household budgets and softer fourth-quarter earnings reports in January as consumers pull back.