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      03-07-2022, 06:44 AM   #67
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Strange thing. I just got my electric bill and the supply rate actually dropped 4 cents per kWh from last months bill. My usage was slightly less but my bill dropped almost $40.
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      03-07-2022, 08:10 AM   #68
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All I know is that things were much better when we were an oil exporter not so long ago.
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      03-07-2022, 08:51 AM   #69
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All I know is that things were much better when we were an oil exporter not so long ago.
You do realize we are the biggest exporter (as in now), right?

We export more than we import.
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      03-07-2022, 08:53 AM   #70
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You do realize we are the biggest exporter (as in now), right?

We export more than we import.
Link to source info?

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      03-07-2022, 08:55 AM   #71
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You do realize we are the biggest exporter (as in now), right?

We export more than we import.
We will likely be a net importer in 2022.
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      03-07-2022, 08:59 AM   #72
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Link to source info?

https://tradingeconomics.com/united-states/oil-exports
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      03-07-2022, 09:02 AM   #73
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We will likely be a net importer in 2022.
That's what the experts say, but it will level off and the US will become an net exporter again in 2023.
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      03-09-2022, 10:02 AM   #74
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I'm about to renew my Power contract. Here in most of Texas we get to choose our provider. Prices have gone up quite a bit from 2 years back. I need to decide do I only go for 1 year and pay a few mode cents now hoping things will come down in 12 months or save that by signing a 24 month contract guessing that they increase.
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      03-09-2022, 10:26 AM   #75
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Originally Posted by Burnt C6 View Post
I'm about to renew my Power contract. Here in most of Texas we get to choose our provider. Prices have gone up quite a bit from 2 years back. I need to decide do I only go for 1 year and pay a few mode cents now hoping things will come down in 12 months or save that by signing a 24 month contract guessing that they increase.
Normally I do 12 month deals. However, under the current circumstances and not knowing where we're headed, if I were you, I'd hit the 24 month contract.
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      03-09-2022, 11:41 AM   #76
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Quote:
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All I know is that things were much better when we were an oil exporter not so long ago.
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Originally Posted by TiMSport View Post
You do realize we are the biggest exporter (as in now), right?

We export more than we import.
My father-in-law's cousin discovered the Bakken oil field, way back in 1953. We have plenty of domestic oil.
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      03-13-2022, 11:58 AM   #77
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Aaaaand now this bullshit
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      03-13-2022, 07:03 PM   #78
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Quote:
Originally Posted by Burnt C6 View Post
I'm about to renew my Power contract. Here in most of Texas we get to choose our provider. Prices have gone up quite a bit from 2 years back. I need to decide do I only go for 1 year and pay a few mode cents now hoping things will come down in 12 months or save that by signing a 24 month contract guessing that they increase.
https://www.wsj.com/amp/articles/tex...on-11614162780

Texas Electric Bills Were $28 Billion Higher Under Deregulation
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      03-13-2022, 07:44 PM   #79
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Originally Posted by Captain Blood View Post
https://www.wsj.com/amp/articles/tex...on-11614162780

Texas Electric Bills Were $28 Billion Higher Under Deregulation
Electric deregulation really hasn’t provided any benefits. No innovation as we got with telecom. And no lower costs. There is a reason the industry was regulated 90 years ago, and that reason remains valid.
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      03-13-2022, 07:47 PM   #80
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Aaaaand now this bullshit
Those are pretty hefty. When were their last increases? What mandates exist there (renewables, energy efficiency spend) that could contribute to their revenue need?

I suspect they had large losses during covid due to payment moratoria, which they will never collect (at least some of). Experiencing inflation in key materials (wire, transformers) and labor. Fuel I presume is already a pass-thru so not a part of this request.

Also whether they are using a historic test year or forecast test year could play into the amount of increase requested. Forecast would include the full inflation hit. If historic, I’d bet they’ll have another request in a year or so, because they won’t get current inflation included.
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      03-13-2022, 09:00 PM   #81
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Originally Posted by 2000cs View Post
Those are pretty hefty. When were their last increases? What mandates exist there (renewables, energy efficiency spend) that could contribute to their revenue need?

I suspect they had large losses during covid due to payment moratoria, which they will never collect (at least some of). Experiencing inflation in key materials (wire, transformers) and labor. Fuel I presume is already a pass-thru so not a part of this request.

Also whether they are using a historic test year or forecast test year could play into the amount of increase requested. Forecast would include the full inflation hit. If historic, I’d bet they’ll have another request in a year or so, because they won’t get current inflation included.
Not sure of the mandates that would drive rate increases. I'm sure there are some plus I'm sure like the rest of us, employees need salary increases.

This is from 2020:

The State Public Service Commission voted 4-to-1 on Thursday to allow Con Ed to raise rates over the next three years.

Residential customers will pay 13.5 percent more for electric by 2022.

The electric rate will rise 4.2 percent this year, 4.7 percent next year, and four percent in 2022.


Every major business is benefiting from this so called inflation while the rest of us lose value in any savings we have.
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      03-14-2022, 05:49 AM   #82
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Quote:
Originally Posted by Captain Blood View Post
https://www.wsj.com/amp/articles/tex...on-11614162780

Texas Electric Bills Were $28 Billion Higher Under Deregulation
As usual the only one getting anything out of it are the ones making money off of us.
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      09-19-2022, 07:50 AM   #83
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I just got my natural gas bill and compared it to the same period last year. It was only slightly higher this year for slightly less usage. My heating system is gas, so my usage this time of the year is very low. BUT I did notice that the gas supply charge increased considerably. Last year it was $0.528 per therm and this year it's $1.123 per therm. That's more than double.

It's going to be a brutal winter for those struggling.

Happy Monday, boys and girls.
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      09-19-2022, 08:27 AM   #84
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Quote:
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It's going to be a brutal winter for those struggling.
At least we arent in the UK/EU trying to break reliance on Russian gas and oil. Those folks are in deep sh*t, especially if they have a super cold winter this year.
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      09-19-2022, 08:28 AM   #85
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I topped off my propane tank, which is only used for my gas fireplace, which can heat my whole home in power outages. I keep my house cooler and use the fireplace to heat the living area during the evenings to a comfortable temp. I just did the "summer fill up" program which used to be under a buck per gallon - about $0.90-$0.99 usually. It was $1.89 this year. But after getting caught short this spring when winter would not give up the ghost and I had to buy a min fill at $2.79 - I took it. Should last me 2 winters at normal winter usage though.
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      09-19-2022, 10:21 AM   #86
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Quote:
Originally Posted by cmyx6go View Post
I just got my natural gas bill and compared it to the same period last year. It was only slightly higher this year for slightly less usage. My heating system is gas, so my usage this time of the year is very low. BUT I did notice that the gas supply charge increased considerably. Last year it was $0.528 per therm and this year it's $1.123 per therm. That's more than double.

It's going to be a brutal winter for those struggling.

Happy Monday, boys and girls.
Yup. The price of natural gas is high, and storage, which should be nearly full, is at the low end of the long-term range. Meaning short supply will prevail, and a cold winter will result in severe price spikes. That will impact both natural gas heating costs and electric generation costs.

Also, supply is prioritized for home heating, so in there are severe shortages (extreme cold), industry and then power production could be curtailed.

Winter natural gas supply shortages are a serious problem. Hopefully we will get through this winter without extremes.
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      09-19-2022, 11:31 AM   #87
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Quote:
Originally Posted by unluky View Post
I topped off my propane tank, which is only used for my gas fireplace, which can heat my whole home in power outages. I keep my house cooler and use the fireplace to heat the living area during the evenings to a comfortable temp. I just did the "summer fill up" program which used to be under a buck per gallon - about $0.90-$0.99 usually. It was $1.89 this year. But after getting caught short this spring when winter would not give up the ghost and I had to buy a min fill at $2.79 - I took it. Should last me 2 winters at normal winter usage though.
Damn...that's cheap compared to what I pay for propane at my vacation home. I don't have my own tank. It's a communal tank in the development my place is in. I don't know how many tanks are there and how many homes get serviced off of a single tank. I have a meter at my house which is where they can measure my consumption.

I have the option to lock in the propane rate for the year that spans through the heating season. I did so over the summer and thought I might have made a mistake by locking in so soon as gas prices were falling. I think I might have made the right decision. I locked in at $3.44. And I also can't shop around for a cheaper supplier; nor the community. The current supplier has an exclusive contract as they're the ones that put in the tanks. Blows. But it is what it is.
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      09-19-2022, 04:13 PM   #88
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Originally Posted by zx10guy View Post
Damn...that's cheap compared to what I pay for propane at my vacation home. I don't have my own tank. It's a communal tank in the development my place is in. I don't know how many tanks are there and how many homes get serviced off of a single tank. I have a meter at my house which is where they can measure my consumption.

I have the option to lock in the propane rate for the year that spans through the heating season. I did so over the summer and thought I might have made a mistake by locking in so soon as gas prices were falling. I think I might have made the right decision. I locked in at $3.44. And I also can't shop around for a cheaper supplier; nor the community. The current supplier has an exclusive contract as they're the ones that put in the tanks. Blows. But it is what it is.
For what it’s worth, the last propane delivery we got for our property in NE Pa was at $2.59.
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