An American vigor business based in Virginia is seeking to meet a growth in power demand at its highest since globe War II. And this will cruel an boost in electricity bills.

Dominion vigor, headquartered in Richmond, released a comprehensive long-term schedule on Oct. 15 that aims to meet this increasing power demand by investing in recent power production, the expansion and modernization of its power grid and vigor storage, and vigor-efficient programs. The schedule will be implemented over the next 15 years.

Jeremy Slayton, of Dominion vigor’s media relations, said under the comprehensive schedule, Virginia residential rates − Dominion serves customers in Virginia, South Carolina and North Carolina − will boost by 2.7% annually. Today, the typical monthly power invoice is about $142. By 2039, Dominion vigor forecasts a monthly power invoice to be about $214 for Virginia residents− a 50% boost, Slayton said.

“We are experiencing the largest growth in power demand since the years following globe War II,” Ed Baine, president of Dominion vigor Virginia, said in a information release. “No single vigor source, grid answer or vigor efficiency program will reliably serve the growing needs of our customers. We require an ‘all-of-the-above’ way.”

Why is there an increasing power demand in Virginia?

Several factors are driving the power demand in Virginia, Slayton said, including population growth and more data centers that power the internet, electric devices and electric vehicles.

“During the late ’40s, the ’50s and the ’60s, electric use in homes and businesses became more ordinary, particular for vigor-intensive appliances like dishwashers, washing machines, clothing driers and toward the later years, air conditioning,” Slayton told USA TODAY. “That is the magnitude of what we’re experiencing in Virginia.”

To meet the require, 80% of Dominion vigor’s comprehensive schedule features carbon-free power production. This includes an 130% boost of Dominion’s offshore wind production and a more than 150% boost in recent solar vigor. Slayton said Dominion vigor has the second largest solar fleet in the country.

About 20% of the comprehensive schedule will characteristic power generated from natural gas.

Greta Cross is a national trending reporter at USA TODAY. pursue her on X and Instagram @gretalcross. narrative concept? Email her at [email protected].