Dominion Energy’s Virginia City Hybrid Energy Center.
A recent report by the Institute for Energy Economics and Financial Analysis states that Virginia’s Wise County needs to start preparing for the retiring of Dominion Energy’s Virginia City Hybrid Energy Center (VCHEC).
The 8-year-old coal-fired power plant, owned by Dominion through its subsidiary Virginia Electric & Power Co., is at risk of closure as market and policy forces work against its viability.
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According to the report, VCHEC ran at only 19.86% capacity during the first eight months of this year. At its peak performance in 2013 and 2014, it operated at slightly more than 65% of its capacity but has fallen off over the past two years, to 54% in 2018 and 22% in 2019.
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As a share of the country’s electrical energy generation, coal supplied 46% of the 150,442 GWh (gigawatt hours) produced in 2016, say the authors of the paper, Prof Renato Lima-de-Oliveira and Mathias Stroh Varming, quoting the Energy Commission. “This high use of coal, despite domestically available natural gas and commitments to increase renewables, presents a paradox a
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