Insights

Residential electricity prices across the U.S. have been rising since 2021, and Virginia is no exception. According to the U.S. Energy Information Administration (EIA), Virginia's average residential electricity price stands at 16.01 ¢/kWh, up from 14.17 ¢/kWh a year earlier. This represents a 13% year-over-year increase and an approximate 30% rise from 2021 levels. While Virginia's rates remain slightly below the national average of 17.62 ¢/kWh, the Commonwealth is narrowing

PJM Interconnection – the deregulated power market in the U.S., serving 65 million people across 13 states and D.C – has emerged as the global epicenter of AI-driven electricity demand. In 2024, PJM Peak Load was 152 GW. It represents 20% of total US electricity demand and its Dominion zone is the corridor to 70% of global Internet traffic. Part 1: PJM’s Top 3+3 Zones Driving 59 GW Surge PJM’s 2025 load forecast released January 24, 2025, reveals 59 GW of new AI/data center d