Dominion Energy North Carolina (Virginia Electric and Power) commercial electricity rates

• Average commercial price, 202510.63¢per kWh, all commercial customers
• vs North Carolina average+4.0%state commercial average 10.22¢
• Commercial customers19,3974th largest of 49 in North Carolina
• Average use4,192 kWha month per commercial customer
• Average bill$446a month per commercial customer
• Since 2015+19%from 8.97¢ per kWh
• Outages137 mina year per customer · US average 124

Dominion Energy North Carolina (Virginia Electric and Power) is an investor-owned utility serving 25 counties in North Carolina. Among the 49 North Carolina utilities in EIA’s 2025 sales data with 500 or more commercial customers, it is the 4th largest, with about 2.6% of the state’s commercial customers. EIA lists it as Virginia Electric & Power Co.

Dominion Energy North Carolina commercial electricity prices, 2015 to 2025

In 2015 Dominion Energy North Carolina billed its commercial customers an average of 8.97¢ per kWh. In 2025 the figure was 10.63¢, so it rose 19% over 10 years. The average for all commercial customers in North Carolina rose 17% over the same period. The highest year was 2024, at 11.76¢. Between 2024 and 2025 it fell 9.6%.

Average use and average bill are the utility’s commercial sales and revenue divided by its commercial customers and by twelve. The bill is an all-in figure: energy, delivery, demand and fixed charges together. A few very large customers pull both averages up, so most businesses use and pay less than the average.

Residential, commercial and industrial prices at Dominion Energy North Carolina

In 2025 the average commercial price at Dominion Energy North Carolina was 17% below the residential figure and 75% above the industrial one. Larger customers take power at a higher voltage and use it more steadily, so at most utilities the average falls from residential to commercial to industrial. Which class an account falls in is the utility’s decision, and the line between commercial and industrial is drawn differently from one utility to the next.

How Dominion Energy North Carolina’s commercial rates are set

Dominion Energy North Carolina is investor-owned, so its rates are set in cases before the North Carolina Utilities Commission and published in a tariff, which is a public document. A commercial account is billed on a rate schedule, chosen by the size of the account and the voltage it takes power at, and a schedule usually combines a fixed monthly charge, a charge per kWh and, above a certain size, a demand charge on the highest rate of draw in the month. The schedule code is printed on the bill. There is no competitive supply market for ordinary commercial accounts in North Carolina, so the levers are the schedule, the peak and the amount used.

Meters, time-varying rates and net metering at Dominion Energy North Carolina

EIA counts 20,205 commercial meters at Dominion Energy North Carolina in 2025, and 18,249 of them (90%) are advanced meters (AMI), which record use at least hourly and report it to the utility at least daily. Of the rest, 1,956 are standard meters. An advanced meter is what makes interval data possible, and interval data is what shows when a building’s peak demand happens.

At Dominion Energy North Carolina, 1,133 commercial customers were on a time-varying rate in 2025, about 5.8% of its commercial customers. A time-varying rate charges more in some hours than in others, so when a business uses power matters as well as how much. The kinds Dominion Energy North Carolina reports offering commercial customers are time-of-use pricing, variable peak pricing and critical peak pricing.

EIA records 27 commercial net-metered generating systems at Dominion Energy North Carolina in 2025, with 0.77 MW of capacity between them: about 1.4 for every 1,000 commercial customers. Net metering credits a customer for power its own system sends to the grid; the terms are in the utility’s tariff.

How reliable is Dominion Energy North Carolina’s electric service?

Dominion Energy North Carolina customers went without power for an average of 137 minutes in 2025, excluding major storms, with about 1.30 interruptions per customer. The average across U.S. utilities reporting the same way is 124 minutes. With major storms counted the figure was 286 minutes. This utility reports on a different measurement standard, so the comparison is only approximate. These are averages over every customer of every class, so they describe the system and not any one street.

Where Dominion Energy North Carolina serves

EIA records Dominion Energy North Carolina serving customers in 25 North Carolina counties: Beaufort, Bertie, Brunswick, Cabarrus, Camden, Chowan, Cumberland, Currituck, Dare, Edgecombe, Gates, Granville, Halifax, Hertford, Hyde, Martin, Nash, Northampton, and 7 more. A county can be shared between utilities, so this does not tell you who serves a given address. The utility that serves an address is the one named on its bill.

EIA lists PJM as its balancing authority. PJM is one of the organised wholesale markets, which run the grid and the wholesale power market across their area.

Other utilities in North Carolina

The average each billed its commercial customers in 2025. The North Carolina page has the state’s own figures and every utility with 500 or more commercial customers.

• Duke Energy Carolinas (9.25¢)
• Duke Energy Progress (11.01¢)
• EnergyUnited (9.84¢)
• Brunswick Electric Membership Corporation (11.52¢)

What these figures can and cannot tell you

• They are averages over every commercial customer. A utility whose commercial customers are mostly large averages fewer cents per kWh than one serving mostly small shops, so a lower figure can mean larger customers and not a lower rate.
• They are not a rate schedule. None of these figures is a charge printed in Dominion Energy North Carolina’s tariff, and nothing here works out a bill from one. The tariff index lists the utilities whose filed schedules are quoted on this site.
• They are annual and final. EIA publishes utility figures once a year. The North Carolina page carries the state’s trailing 12 months, which is more recent and still preliminary.

For one building, the cost estimator gives a range by building type, size and state, and price by utility sets every utility side by side. Commercial vs residential vs industrial compares the classes in every state.

Data: every year of these figures, for this utility and every other with a page, is in one CSV, free to use with credit to the U.S. Energy Information Administration and this site. To cite this page: Dominion Energy North Carolina commercial electricity rates, CommercialElectricityRates.com, from EIA Form EIA-861 final 2025 data.

Common questions about Dominion Energy North Carolina

What is the average commercial electricity rate at Dominion Energy North Carolina?

Dominion Energy North Carolina billed its commercial customers in North Carolina an average of 10.63¢ per kWh in 2025, according to the U.S. Energy Information Administration. That is 4.0% above the North Carolina commercial average of 10.22¢. It is the utility’s commercial revenue divided by its commercial sales, so it describes the whole class and is not the rate on any one schedule.

How much is the average commercial electric bill at Dominion Energy North Carolina?

About $446 a month in 2025, on average use of about 4,192 kWh a month. That is Dominion Energy North Carolina’s commercial revenue divided by its 19,397 commercial customers. A few very large accounts pull the average up, so most businesses pay less than this.

Have Dominion Energy North Carolina’s commercial electricity rates gone up?

The average Dominion Energy North Carolina billed commercial customers rose 19% between 2015 and 2025, from 8.97¢ to 10.63¢ per kWh. The North Carolina commercial average rose 17% over the same period.

How reliable is Dominion Energy North Carolina’s electric service?

Dominion Energy North Carolina customers averaged 137 minutes without power in 2025, excluding major storms, against a 124-minute average for U.S. utilities reporting the same way (EIA).

Does Dominion Energy North Carolina use smart meters for businesses?

EIA counts 18,249 advanced (AMI) meters among Dominion Energy North Carolina’s 20,205 commercial meters in 2025, which is 90%. An advanced meter records use at least hourly, which is what makes interval data and time-varying rates possible.

Is this the rate my business will pay Dominion Energy North Carolina?

No. It is an average over every commercial customer, from a corner shop to a campus. What one business pays depends on its rate schedule, how much it uses and how hard it draws at its peak. The schedule code is printed on the bill, and the schedule itself is in Dominion Energy North Carolina’s tariff.