Dominion Energy Market-Based Rate Pilot
The new market-based pricing Rate Schedule MBR (“MBR Rate Schedule”) is expected to become effective for usage on and after March 1, 2020, on a voluntary, experimental basis, under Dominion Energy’s Market-Based Rate Pilot.
The MBR Rate Schedule will reflect market-based pricing for generation service in the PJM wholesale market.
Limited Dominion Energy Market-Based Rate Pilot Participation
Dominion Energy’s Market-Based Rate Pilot is limited to a combined aggregate customer load cap of 200 MW. Eligible customers will be accepted for participation in Dominion Energy’s Market-Based Rate Pilot on a first-come, first-served basis until the load cap is reached or October 31, 2022, whichever occurs first.
Eligibility for Dominion Energy’s Market-Based Rate Pilot
Only existing customers eligible for Rate Schedule GS-3 or GS-4, which meet all of the criteria listed below, will be eligible to participate in Dominion Energy’s Market-Based Rate Pilot:
- The customer receives distribution, transmission, and generation services from the Company at the customer’s service location;
- The customer has established a monthly peak measured demand of 5,000 kW or more in the most recent 12 consecutive billing months at the customer’s service location;
- The customer must submit a notarized Officer Certification Affidavit for the Provision of Electric Service in Accordance with the Market-Based Rate Pilot (“Affidavit”), which is signed by a duly authorized officer of the customer. This Affidavit discusses some of the risks to the customer associated with billing under the MBR Rate Schedule. Due to these risks, the Company may require additional documentation of credit.
- If necessary, the customer may be required to submit a signed Letter of Authorization for Metering Requirements (“LOA”). The MBR Rate Schedule requires special metering that Dominion Energy can communicate with to be installed at the customer’s service location. If Dominion Energy’s existing metering equipment at the customer’s service location needs to be exchanged before the MBR Rate Schedule can be billed, the customer will be required to submit the LOA. The LOA must be signed by a duly authorized representative of the customer, but not necessarily by an officer of the customer.
- Sufficient space to accommodate the customer’s peak load must be available under the Dominion Energy Market-Based Rate Pilot’s combined aggregate customer load cap of 200 MW.
MBR Rate Schedules
- The rate schedule will be posted as soon as it is available. Contact your Company representative for a draft copy from the filing.
Registration for Dominion Energy's Market-Based Rate Pilot
Interested customers may register to participate in Dominion Energy’s Market-Based Rate Pilot by completing and submitting the Dominion Energy Market-Based Rate Pilot Request Form to the Company. Submittal of this form is not a commitment nor a guarantee of participation, rather a registration of interest to initiate the enrollment process.