Dominion Energy‘s monthly bills are headed lower — about 3% for a benchmark residential customer bill — as prices of the fuel it burns to spin its electricity generators declines.

The electric monopoly is asking the State Corporation Commission to approve a drop in its pass-along for fuel costs, with that savings partly offset by an increase to cover higher costs for its transmission lines.

Combined, these will have the effect of cutting a $138 monthly bill for 1,000 kilowatt-hours by $4.04.

Read the full story in the Richmond Times-Dispatch.