Dominion Energy Trading Volume Drops 34% Ranking 327th Amidst Rate Hike Proposals

On April 1, 2025, Dominion Energy (D) saw a trading volume of $259 million, a 34% decrease from the previous day, ranking 327th in the day's stock market activity. The stock price rose by 0.34%, marking the fifth consecutive day of gains, with a total increase of 6.45% over the past five days.

Dominion Energy Virginia has submitted a proposal to increase base rates by $8.51 per month in 2026 and $2.00 per month in 2027 for typical residential customers. This proposal, if approved, would help the company cover rising costs associated with increased electricity demand and inflation.

In addition to the base rate increases, Dominion Energy has also proposed new fuel rate adjustments. These changes, if approved, would add more than $21 to the monthly bills of residential customers by 2027. The proposed fuel rate increase would take effect on July 1, 2025, raising monthly bills by $10.92.

This marks Dominion Energy's first residential rate hike in over three decades, and the proposed changes could significantly impact utility bills for customers in Virginia. The company's proposal aims to address the soaring costs linked to electricity demand and inflation, ensuring that it can continue to provide reliable service to its customers.