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New electricity rates (1 Viewer)

second_decimal

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So this thread got me thinking that I should actually look and see wth my contract length etc. is and how much I’m paying.
My contract is up 3/23 and my current rate is $0.063 kw/hr the transmission charge is
$0.037 kw/hr so I guess I’m locked in at $0.100 per kw/hr. 100% renewable as well if that makes a difference.

I remember being mad at a company called just energy. I reported them to the energy commission and lodged an official complaint for deceptive practices. Guess what… they had to release me from my contract and I went and choose a better rate at a better company. At least I thought.. i found out that the company I signed with (Tara energy) was owned by the same people as Just Energy 😳 it explained why Tara turned out to be just as shady as the other one. I finally went with clean sky energy and it looks like I made it just in time. Even though I was mad at the time because I thought that rate was high. Turns out those rates are pretty decent but I am dreading renewing my contract March of next year..
 

soymilk

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Well, hopefully this is just a blip and come next year the prices normalizes. I pulled the trigger on solar panels. I'm kinda hedging my bets on energy costs rising over the next 10 years. Lets just hope that isn't going to be true.
 
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foos

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I got my notice that my plan is up the end of this month and I need a new one or I go on flex, at over 20 cents kWh. If I remember correctly powerplants and what have you were told they need to upgrade stuff, and that this summer they can start passing the cost of the freeze and resulting fixes or upgrades on to us. I would not be surprised if 20cents+ becomes the new norm.
 

soymilk

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"We’re definitely seeing numbers up a little bit more than certainly, significantly more than before the freeze,” he said.

But why are consumers footing the bill?

“The government decided that the corporations didn’t have to bear the brunt of that,” KHOU 11 Energy Expert Ed Hirs explained. Hirs has seen prices jump as much as 25 percent. "They decided that the consumer should bear the brunt of that.”
 

Erin

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I got my notice that my plan is up the end of this month and I need a new one or I go on flex, at over 20 cents kWh. If I remember correctly powerplants and what have you were told they need to upgrade stuff, and that this summer they can start passing the cost of the freeze and resulting fixes or upgrades on to us. I would not be surprised if 20cents+ becomes the new norm.
It would be nice if they had ACTUALLY upgraded... the warnings about possible rolling blackouts as early as March makes me think... No.
 

Erin

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The sheeple always pay in the end.
How are we sheeple if there's no choice but to buy energy from the existing companies/grids??
(I understand that the politics of the situation could be different, in theory, but at the moment, what other options are there?)
 

second_decimal

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“The government decided that the corporations didn’t have to bear the brunt of that,” KHOU 11 Energy Expert Ed Hirs explained. Hirs has seen prices jump as much as 25 percent. "They decided that the consumer should bear the brunt of that.”

I thought it was a power outage.. nah.. they just shut off the electric because “I couldn’t bear the brunt”
 

EvenFurther

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Don't sign a 1 year contract in summer. In general, electric rates are cheaper in the winter, and summer is the worst time to sign up. If you have sign up now, do a 6 month contract so you renew in winter months.
 

second_decimal

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The nat gas thing… it’s going to stay for a while driven by ever increasing demand for electricity. Electricity same thing. It will remain costly as long as production costs are high. another curveball is that due to the non existent climate change that everyone keeps saying isn’t real, we are going to have to grapple with lake mead and other hydro electricity sources being taken offline due to insufficient water flow. The scale of those types of generating capacity losses will affect everyone that is part of the national electric grid.
 

soymilk

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theres always other companies. Im getting batteries from enphase.

if I didn't live in the burbs and had a lil bit of land, i'd install my own off grid array and be done with it. So much cheaper.
 

second_decimal

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We can look forward to sometime in the future (maybe in our lifetime?) that cold fusion becomes a reality or solar and batteries get to be so efficient, that you will need half (or even a 1/4?) of the equipment needed today at 1/4 of the price. I’m using what has happened to combustion engine, television, telephones computer memory and capability over the last 50 years as a reference for context.
 

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