Market Guide

Commercial Building Energy Requirements in Richmond

Utility rates, compliance regulations, and benchmarking requirements for commercial real estate in Richmond, Virginia.

Average Commercial Utility Rates

$0.13Electric Rate

$0.13/kWh

$0.95Gas Rate

$0.95/therm

Rising

Up 6% YoY; Dominion Energy clean energy mandates and offshore wind costs

Energy Regulations & Compliance

Virginia Clean Economy Act

Proposed

State-level clean energy mandates driving utility transitions. Richmond exploring local benchmarking as part of RVAgreen 2050 plan.

Threshold

N/A (state-level utility mandate)

Deadline

N/A

Penalty

N/A

Compliance Timeline

N/A

Virginia Clean Economy Act — N/A (state-level utility mandate)

Utility Providers

⚡

Dominion Energy Virginia

Electric

🔥

Virginia Natural Gas

Gas

Benchmarking Requirements

—

Benchmarking is not currently mandated for commercial buildings in Richmond. This may change as new regulations are proposed.

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