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Old 09-03-2009, 01:50 PM
Location: Lost in Montana *recalculating*...
10,296 posts, read 13,912,006 times
Reputation: 10836


No floor in sight for natural gas; prices plunge - Yahoo! Finance (http://finance.yahoo.com/news/No-floor-in-sight-for-natural-apf-2627356271.html?x=0 - broken link)

Natural gas for October delivery gave up 20.7 cents to settle at $2.508 per 1,000 cubic feet on the New York Mercantile Exchange. Prices dropped as low as $2.50 per 1,000 cubic feet -- the lowest since March 2002 -- after the government reported that U.S. natural gas supplies grew again last week and are now nearly 18 percent above the five-year average.
Why won't the WV PSC allow WV consumers choices on their NG contracts like other states? Ohio allows customers to choose their suppliers, decide on variable or fixed price contracts etc..

Dominion currently charges me $11.71 per 1000 mcf which became effective July 23rd

Dominion Ohio charges about $7.25 or so for the same amount (loosely based on the Ohio schedule). The Ohio rate can be set on floating terms if desired.

My obversvations over the past two years would certainly lead me to desire the ability to shop my provider and on terms variable. I've called and written both Dominion and the WV PSC to find out why this state: a) doesn't have a damned choice of providers and b) why in the hell am I paying on average 60% higher gas costs than my northern neighbor.

Anybody have any clue about this?

Last edited by Threerun; 09-03-2009 at 02:11 PM..
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Old 09-04-2009, 06:05 AM
4,712 posts, read 11,508,537 times
Reputation: 1048
We did that with our telephone service, 3 run and the cost went from $37.50 to $100 per month.

I don't think I could afford to do that with utilities that would save me real money.

Need to get one of those steak salads next week at the FOP...and the 'Tally Rally's tomorrow...too much good food, better order the casket.
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Old 09-04-2009, 06:13 AM
Location: Lost in Montana *recalculating*...
10,296 posts, read 13,912,006 times
Reputation: 10836
No Tally Rally for me. Spending time with an ailing friend in PA.

So the state allows the utility to charge rates because it's for our own good? (and it must be good if I'm paying 60% more!)

Ohio has an option- you can lock in or float. I like that. Paying for something based on real time market rates. Our gov't shouldn't impede this!
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Old 09-04-2009, 06:24 AM
20 posts, read 52,512 times
Reputation: 15
I have always thought that gas was the better choice. But looking at prices in WV I am not so sure if I am reading things correctly.

Was looking here: Natural Gas City Gate Price

Comparing the City Gate price vs. residential price I was astounded.

The city gate price per 1000 cubic feet was $4.03 and the residential price in June '09 was $22. That seems like a huge increase in cost to the company vs. their price.

I am in the Fairmont/Clarksburg/Grafton area and need to find out exactly what the cost is. I am going to look at a house this weekend that has a new oil fired forced air heating system and I may leave it in place if gas is THAT expensive.

EDIT: Ok, found that the rate is lower in West Virginia from Dominion. Was scared there for a minute.

Customer Charge: $7.50 per month.
(D) Commodity Charge: $11.751 per 1,000 cubic feet
(D) Note: The above commodity rate includes $8.843 in total gas costs and $2.908 in total base
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Old 09-04-2009, 07:17 AM
Location: Lost in Montana *recalculating*...
10,296 posts, read 13,912,006 times
Reputation: 10836
Right- it's 11.71 p/1000. There is a historical price sheet on their site as well. http://www.dom.com/dominion-hope/cus...te_history.pdf

What irks me is that as far as I can tell, we (WV) pay a hell of a lot more for NG, have no choice on gas suppliers and, in my opinion, have an unresponsive PSC.
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Old 09-04-2009, 06:05 PM
4,712 posts, read 11,508,537 times
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Ropeguru: If that oil burner is installed properly, it will be your cheapest heat. 85/90% efficient. the draw back is that big check you have to write for oil...all in all...it's the cheapest...hands down. will sip along on that oil tank...wait and see.

Actually the gas companies are lowering their costs...Electric companies?

Buying coal for $35 per ton and still charging the $100 per ton price as last year...why? they have the legislature in their pockets..give them money to stay in office.

Who do you think writes our energy laws anyway? utility company lawyers!
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Old 09-04-2009, 07:43 PM
Location: Lost in Montana *recalculating*...
10,296 posts, read 13,912,006 times
Reputation: 10836
Then why not demand marketable contracts like other states? This is absurd- I pay 60% more because the 'state' tells me what's good for me.

Talk about socialism. Geez. It's right here.

And NG is usually cheaper than oil. At least for heating. But if the oil burner is HE, then I wouldn't switch.
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Old 09-05-2009, 02:33 AM
4,712 posts, read 11,508,537 times
Reputation: 1048
Your eyes are opening, grasshopper...you are begining to see the network of corruption in Wv.

This is all segmented, works within the common mob network and is the order of business.

It's quite fuedal. Elites and the Peasant Class.
To become one of the Elite, a person must join the family.

No thanks, for me. Dues are just too high.

If we had out of state competition, someone from another competitive family might get the money.

As it is now, if a smoke screen needs to be shown to hide profits, or hide particular board member personell or stockholders, a company might be chartered in Ohio to do that work.
They get the Bids, do the work and syphon off the money. I can think of a few companies off hand that do that for some Wv fatcats. One had an annual profit of 158 million and decided to let some of the competition take some of the profits before things got to hot.
All of this out of a very small state...with a very small working population.
It's gone on for so long, everyone just hopes to survive...sadly, the way things are in hillbilly land.

If any help is to come, we must do it ourselves because the federal gangsters are worse than our locals.
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Old 09-05-2009, 11:30 AM
Location: WV and Eastport Maine
1,321 posts, read 2,495,982 times
Reputation: 1388
At our summer home in Maine - I just had the oil tank filled, the burner and boiler cleaned and the tank inspected. I have 87% efficiency after the cleanings. The cost of oil in Maine today is $2.499 per gallon. Most tanks up here are 275 gallon tanks. Our hot water comes off the boiler as well as the heat. What they do up here is give you a certain rate lock for the winter which you can take or refuse. If the rates go up, you don't pay more but if the rates go down, you're locked in at the higher rate. Last year, with the thermostat set at 50 degrees when we left, we needed 100 gallons of oil per month through the winter.

In WV last winter, our natural gas ran 124.00 a month on the budget. The thermostat was set at 68 degrees. The house in WV is smaller than the house in Maine.

It seems to me like both are pretty much the same in cost.

Last edited by corgis; 09-05-2009 at 11:31 AM.. Reason: typo
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Old 09-07-2009, 09:32 PM
Location: Lost in Montana *recalculating*...
10,296 posts, read 13,912,006 times
Reputation: 10836
I heated my last house with wood. A little bit of work, but dang if wasn't worth every penny. I've got 3 cords split and one ready to split for this season.

My current house is not set up for total wood heating, but you can bet we'll have our family room nice and toasty while the rest of the house sets at 50deg, lol.
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