Virginia · City
Commercial electricity in Richmond, Virginia
Which electric utilities serve businesses in Richmond, what each charged commercial customers in EIA’s 2025 data, and where Virginia’s prices stand.
EIA lists one electric utility in Richmond, which contains Richmond. Dominion Energy Virginia, the largest by commercial customers, averaged 9.84¢ per kWh for them in 2025. Virginia’s average commercial price was 10.98¢ per kWh over the 12 months to August 2026.
Source: EIA Form EIA-861 (2025) and Form EIA-861M; U.S. Census Bureau
Electric utilities serving Richmond
These are the utilities EIA records in Richmond. EIA lists a utility in a county when it has customers anywhere in it, so this is everyone with a presence, ordered by commercial customers across Virginia, not a statement about any one address. Prices are EIA’s averages over all of each utility’s commercial customers: revenue divided by kWh.
| Utility | Type | Commercial customers in VA | Average commercial price, 2025 |
|---|---|---|---|
| Dominion Energy Virginia | Investor-owned | 271,320 | 9.84¢ |
Find the list for a single ZIP Code with the utility lookup, or set utilities side by side with the comparison tool.
What businesses in Richmond pay
Across Virginia, businesses paid an average 10.98¢ per kWh over the 12 months to August 2026, 20.8% below the U.S. average of 13.87¢, and up 17.4% on the 12 months before. That ranks Virginia 39 of 51, where 1 is the highest price. In 2025 the average commercial account in the state used 16,170 kWh a month, about $1,609 a month at the state price; that is a mean pulled up by a few very large users, so most small businesses use less.
A city has no price of its own: two businesses on the same street can pay very different amounts per kWh, because the rate schedule, the size of the peak and, where it is allowed, the supply contract matter more than the location. The Virginia page has the state’s price history since 2010 and every utility with at least 500 commercial customers.
Choosing a supplier in Richmond
Virginia allows competitive supply only in limited circumstances, such as accounts above a demand threshold or through specific renewable-supply provisions. Eligibility must be verified for the account before any comparison is offered.
Where prices are heading
EIA does not forecast single states. For the South Atlantic census division, which includes Virginia, its November 2026 Short-Term Energy Outlook puts the average commercial price at 12.20¢ per kWh for 2026 and 12.31¢ for 2027, up 8.1% from 11.39¢ in 2025. The forecast for every region.
About Richmond
The Census Bureau estimates Richmond had 237,257 residents on July 1, 2025, up 4.6% from 226,927 in 2020. It lies in Richmond.
Other cities in Virginia
Common questions
- Who provides electricity to businesses in Richmond?
- EIA lists Dominion Energy Virginia as electric utilities in Richmond. Which one serves a given address depends on the street; the utility on an existing bill is the definitive answer, and a utility can confirm service for a new site.
- What is the average commercial electricity rate in Richmond?
- There is no official figure for a city. EIA publishes prices by state and by utility: Dominion Energy Virginia averaged 9.84¢ per kWh for its commercial customers in 2025, and Virginia averaged 10.98¢ over the 12 months to August 2026. A business’s own price depends on its rate schedule, its demand and, where it can choose, its supply contract.
- Can a business in Richmond choose its electricity supplier?
- Virginia allows competitive supply only in limited circumstances, such as accounts above a demand threshold or through specific renewable-supply provisions. Eligibility must be verified for the account before any comparison is offered. The state page for Virginia explains how it works and who regulates it.
Averages describe Richmond; a bill describes your business. A person can read yours: rate schedule, demand, riders, contract window. Nobody calls unless you ask.