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Missing from this conversation is fact we all are going to get bent over by this ConEd rate increase.
Individuals may or may not see much of a difference in residential bills, but businesses will, and they likely will pass that along as increased prices/rates.
Helpful to provide context like that; I've been using Green Mountain since buying the home I've been living in since '12...so was already aware I'd be paying "more" for "greener" energy. Lately I'm tempted to look into finally putting up panels on the roof given the good exposure I have. Or at least buying power from one of the solar array farms going up, I saw this linked on reddit recently: powermarket.io
right now oil is pretty low .. but if oil takes a jump we can see big jumps in our own energy costs . as electricity , gas for our cars and heating costs go up .
for those who want to hedge energy shock price increases , you can buy a fund like USO which can hedge your energy costs ...
every dollar oil goes up sees your fund go up . if you can't beat em , join em .
if oil stays low , well then that is great and you can just let the hedge sit and hold the fund as you would insurance .
complaining about things rarely helps , but learning to play the cards you are dealt works a whole lot better .
Mathjak I have to contradict you on this one, Oil has very little to do with electricity prices as very little electric generation comes from burning oil.
Most electric generation comes from: Nuclear, coal, and natural gas
Last edited by BeerGeek40; 01-23-2020 at 01:43 PM..
Missing from this conversation is fact we all are going to get bent over by this ConEd rate increase.
Individuals may or may not see much of a difference in residential bills, but businesses will, and they likely will pass that along as increased prices/rates.
My ConEd bill (nonresidential, Bronx) did not go up earlier (actually went a bit down last summer), but it did go up by about 8% this last month. Anyone else's bill went up, or is a squatter trying to claim my Bronx unit (since I learned about squatters, I am obsessed with the matter, and I obviously can't go to NYC in the next couple of months to ascertain that all is well)?
Speaking of Con Ed, no surprise that they have officially suspended onsite meter readings due to COVID-19. I think they did this a couple of weeks ago because they didn’t show on my reading date of March 11.
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