Basic Residential Rate Schedule 1
Applies to North Carolina only — check which one your bill lists.
When does peak hit on Virginia Electric & Power Co’s Basic Residential Rate Schedule 1? The hour never matters here — only the season. Rates peak June–September.
- peak11.58¢
- off-peak9.93¢
What does Basic Residential Rate Schedule 1 cost a year?
| Household | Uses | A month | Per year | Works out to |
|---|---|---|---|---|
| Apartment One or two people, no central air, no electric heat | 4,866 kWh | $58 | $702 | 14.4¢ / kWh |
| Family home Three or four people with central air conditioning | 9,453 kWh | $100 | $1,197 | 12.7¢ / kWh |
| Home with an EV Same house, plus an electric car charging overnight | 13,103 kWh | $132 | $1,579 | 12.1¢ / kWh |
Estimates, not quotes. We run three made-up but realistic households through this tariff hour by hour for a full year — including the way air conditioning loads the afternoon and an EV loads the small hours. Your own bill depends on when you actually use electricity, which is exactly the thing a per-kWh number hides.
What you actually pay
| Period | Rate | Applies when |
|---|---|---|
| peak | 11.58¢ | midnight–midnight, June–September |
| off-peak | 9.93¢ | midnight–midnight, October–May |
Plus a fixed charge of $15.97 per month.
Should you be on Basic Residential Rate Schedule 1?
The hour of day does not change what you pay here — the month does. Running the same house through the full year, July costs about $143 and February about $75. That $68 swing is part rate and part weather, and it is the reason a budget built on your spring bill will break in July.
Before a single kilowatt-hour moves, this plan charges $192 a year in fixed fees. On the apartment above that is 27% of the whole bill; on the house with a car charging in it, 12%. Fixed charges are invisible in a cents-per-kWh comparison and they punish small users hardest — if you use very little electricity, the headline rate is the least important number on this page.
How it compares to Virginia Electric & Power’s other plans
Everything below stays inside North Carolina. Your zone is set by where you live, not by anything you can pick, so a cheaper plan in a different zone is not an option you have.
Measured against the other residential plans this utility files, a family home lands 1st cheapest of 2 — nothing else here beats it for that household.
Other Virginia Electric & Power plans in North Carolina
Who can be on Virginia Electric & Power’s Basic Residential Rate Schedule 1?
Eligibility is not our judgement — it is written into the tariff Virginia Electric & Power filed. This is what that document says:
This schedule is applicable to the separately metered and billed supply of alternating current electricity to any Customer for use in and about (a) a single-family residence, flat or apartment, or (b) a combination farm and one occupied single-family residence, flat or apartment, or (c) a private residence used as a boarding and/or rooming house with no more than one cooking installation nor more than ten bedrooms or (d) a �family care home� as defined in Chapter 168, Section 21(1) of the General Statutes of North Carolina.
Quoted from the filed tariff. Your utility decides eligibility, not us; check with them before you switch.
If this is new to you
- How to read your electric bill
Four kinds of charge, only two of which you can do anything about.
- Should you switch to a time-of-use electricity plan?
A wide peak-to-off-peak gap is a lever, not a saving. Levers need something to move.
- Why is my electric bill so high in summer?
Usually three causes at once, and only one of them is your air conditioner.
- Why is my electric bill so high? Seven causes, in the order to check them
Seven causes, ranked by how often they are the answer. Only two are about using more.
Where this comes from
- Effective
- 2025-02-01
the date this tariff took effect
- Covers
- delivery + supply
the ZIP-code service map lists this territory as bundled, so the utility sells delivery and supply together
- Enrollment
- open to new customers