I am a Dominion Virginia Power customer also and I knew they were going to raise their rates, but I didn't know it would be that much.
We retired to southside Virginia nearly four years ago and the old, largely uninsulted wood-siding house we live in cost about $250 to $300 oil to keep nice and warm the first year.
Now it would cost $500 and we don't have it. Last two winters we kept the thermostat at 50, just to keep the pipes from freezing and lived mainly in one small bed-sitting room upstairs. Not fun. I am wondering if the price of electricity will climb so high that it will rival oil for heating.
I did splurge and get gas logs installed in the room downstairs we use as a living/TV room,w hen not upstairs, but the propane gas in tank is very expensive, too.
Some friends of ours, who inherited half a farm in Northern Virginia and have not had to work since they ewre 50 bought land on the side of a mountain near Roanoke and just moved into a log house there. They bought the shell/kit and he finished everything inside, including electric, which he had always wanted to do. They put in a wood-burning furnace only, but have their own wood from this mountainside. They started this house five years ago and finally moved into it last year. I thought it was odd to put that wood-burning heating plant in, but I don't think so now.
We would like to get a heat pump, but don't have money for that either. Our federeal retirement income, quite small, goes up maybe a $100 a month a year, ilf that, but they Medicare and the federal health insurance premiums go up by at least that much, so we have not had any increase in income and look at how everything has gone up.