Virginia should not abandon the current structure entirely. The pure competitive supplier model has plenty of downsides (See Texas). It is only attractive to so many in Virginians at this time because Dominion Energy Virginia has corrupted the market to unfairly enrich its stockholders. If all these other steps are taken and electricity costs in Virginia stabilize, the desire to bolt from the monopoly service will wane.
Bills for an average residential customer of Appalachian Power Co. will go up by about $11 a month, effective July 1. The State Corporation Commission on Tuesday approved a request by Appalachian to raise the rate it charges to cover transmission costs for the electricity it delivers to about 500,000 customers in Virginia.