Comments
RailRoad_Candy t1_ix0r5od wrote
I was told that the cause of this was ultimately due to the growing pains of moving our society from fossil fuels to green energy.
Growing pains is a nice way to phrase Crippling Energy Prices.
But hey, as long as we're getting those Windmill Farms up and running off the coast and bulldozing forests for Solar Farms, I assume we'll get there. Well some people will, I'll be living under an overpass.
Tall_olive t1_ix0xywh wrote
Eversource can seek my asshole and promptly eat it.
No-Sheepherder-6257 t1_ix11gn4 wrote
RIP Nuclear. 20% of our generating capacity.
Quirky_Butterfly_946 t1_ix11rq4 wrote
Ya, that answer is BS but the greenies love to see people suffer. It just goes to show what a bunch of incompetent jackholes they all are.
So because they cannot get their system up so that we could all have a switch over that is relatively painless, these dbags are vicious and vindictive.
Never net a greenie I liked
RailRoad_Candy t1_ix11vit wrote
In CA you pay a surcharge that goes directly to PG&E cuz you're not usign their power. Its not talked about.
RailRoad_Candy t1_ix180gd wrote
Im actually just concerned with not freezing to death, and not having to make choices between freezing and eating on a daily basis. But being afraid of that is worth some downvotes I guess.
I was hoping the competition would lower prices.
TheTechOcogs t1_ix19qu5 wrote
Time to break out the candles. They are a source of heat and of light.
magellanNH t1_ix1brqz wrote
This is an unfortunate side effect of Russia's war on Ukraine. The lack of Russian natural gas deliveries to Europe has caused demand and prices for LNG to go through the roof as Europeans try to buy up LNG cargos to replace their lost Russian gas.
New England uses lots of natural gas to generate electricity. In the summer, most of the gas we use comes up by pipeline from the Marcellus shale area. However, because there's limited pipeline capacity in the winter, electricity generators need to source lots of LNG in winter.
This year, because of the war, New England power generators are in a bidding war with Europe for limited LNG tanker deliveries. This has sent LNG prices through the roof and is why electricity rates are going up so much here.
In New Hampshire, Eversource sounded an alarm recently that they may not even be able to set a fixed 6 month rate during the next rate period. Apparently, when they sent out their latest request for bids to power generators, they didn't receive enough responses to cover expected demand and they may be forced to buy power on the highly volatile short-term spot market instead of entering into fixed contracts with generators. That's never happened before and it's a mess really.
So, not that it's much of a consolation, but least folks in MA know what the price is going to be ahead of time... In NH, we may or may not have a fixed price ahead of time.
https://www.wmur.com/article/eversource-rate-hike-contract-111622/41985364
Think_Positively t1_ix1d6ul wrote
This is true, but I'd much rather pay more for electricity than have Russia raping and pillaging with zero resistance.
Vitroswhyuask t1_ix1dav9 wrote
Never vote to sell your municple power company
felineprincess93 t1_ix1dksw wrote
Fire department recoils in fear of mass use of candles
IRGood t1_ix1dzey wrote
Fucking dumb
IRGood t1_ix1e3zg wrote
Your account and views are pointless
magellanNH t1_ix1eazp wrote
ThisIsForFood t1_ix1edv9 wrote
How come when anyone says “it’s not talked about” universally means they have no idea what they’re talking about.
TheColonelRLD t1_ix1gmxg wrote
Isn't there a state body/entity involved with approving rate increases?
NeptuneFrost t1_ix1ha3f wrote
Don’t mean to brag but am I feeling great about the rooftop solar investment i made this summer!
nottoodrunk t1_ix1hklt wrote
Yeah eversource has to clear every rate hike with the state. Conversation probably goes like this:
“These were the quotes we got last year from LNG providers. This is what we’re getting this year now that we have to compete with Europe for LNG. We have to raise prices by X to cover it.”
“Understood, approved.”
TheColonelRLD t1_ix1hn4y wrote
thanksiloveyourbutt t1_ix1iy7m wrote
Fuck these price hiking bastards
SoHereEyeSit t1_ix1j23b wrote
Who did you go with and what kinda contract was it? If you don’t mind letting me know, these hard times are pushing to start research
NeptuneFrost t1_ix1jp5a wrote
I did it through NEC Solar. Short for Newport electric company. Salesperson’s name was Artie Crocker. I knew him from a past career, so was someone I can trust… that made shopping for the system a lot easier bc it feels like such a scam-filled industry to walk into with no knowledge.
We paid for our system straight up. No lease or anything. It’s a lot of money out the door on the front end, but the payback period for us was estimated conservatively between six and seven years. that’s like a ~16% return, and it’s a great inflation hedge because energy prices will track inflation. I think we may make out even better because of the rapid jump in electric prices. That rate of return includes taking advantage of all the various tax breaks, which made sense for us.
ladbom t1_ix1k8zb wrote
So this explains the supply cost, doss they mean transportation and distribution cost should stay fairly similar?
PLS-Surveyor-US t1_ix1l034 wrote
Too bad our future governor has fought expansion of those gas lines so we could burn US gas year around...
Cersad t1_ix1l8bn wrote
A lot of community electricity rates update by January. It'll be a painful transition for a lot of people.
xKimmothy t1_ix1liix wrote
Saaame. Husband wasn't super on board with spending the money, but I'm sure he's happy about it now!
SoHereEyeSit t1_ix1lxws wrote
Sweet, thank you
NeptuneFrost t1_ix1m3la wrote
I get more joy than I want to admit from watching the hourly production vs consumption chart on the app.
cjh79 t1_ix1mecy wrote
I feel like maybe you don't like anybody.
zipykido t1_ix1mk2z wrote
National Grid increased their electric rates by 64%, they just pick a random number and someone in government approves it.
antraxsuicide t1_ix1mvxh wrote
I'm sure Eversource's executives will take a 43% salary cut in solidarity
coffeeschmoffee t1_ix1nj1f wrote
I actually know Artie Crocker. Yep I would trust him as well. He ran the numbers with me on battery back up. Math didn’t work out and he told me not to do it. Honest guy.
[deleted] t1_ix1nsyi wrote
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NeptuneFrost t1_ix1nvwa wrote
Yeah he’s a genuinely good guy. Very community oriented, volunteers for lots of civic organizations, now on town planning board in Needham, which he has lived in his whole life. Didn’t think we’d end up with an Artie Crocker appreciation thread on Reddit but he’s earned it!
Justtryme90 t1_ix1o0qr wrote
Certainly nobody likes them.
Quirky_Butterfly_946 t1_ix1p6zz wrote
How about no one is doing anything about all this but they get their rocks off thinking causing high prices is OK.
They live in a fantasy land but no one wants to get it up and running.
bigolebucket t1_ix1qonm wrote
Yes the DPU. And yes they are utility-friendly.
metrowestern t1_ix1r6ca wrote
I’m putting urine in my gas tank to get to work next week!
WaitForItTheMongols t1_ix1ss6k wrote
Not a reasonable long-term investment with renewables growing as fast as they are. By the time we don't need gas at all anymore, the gas lines wouldn't have paid for themselves.
WaitForItTheMongols t1_ix1sw0d wrote
Paraffin vapors are carcinogenic.
Doctrina_Stabilitas t1_ix1ucgq wrote
Wouldn’t matter, the issue is we rely on natural gas because we shut down nuclear and states around us shut down hydro and pipes
DialJforJasper t1_ix1wvfm wrote
Keep in mind that not everyone can afford to “pay more.” It’s a nice mentality, but this is what leads to an uptick in homelessness.
LonelyAccountantCPA t1_ix1x3sv wrote
My elderly parents are on a budget payment plan and they saw an almost 100% increase from what they were paying 1-2 years ago. Disgusting.
zipykido t1_ix1xccn wrote
It'd be cheaper to burn my house down and rebuild it than heat it the normal way this winter.
TheSausageKing t1_ix1y18n wrote
They’re not growing quickly in MA. Our grid is still ~80% fossil fuels and will be majority gas for the next 10 years at least and likely 20 or more.
StarbeamII t1_ix1y3e2 wrote
Fuck New Hampshire and Maine for blocking the proposed transmission line from Quebec that would've let New England buy cheap Quebecois hydroelectricity for 5¢/kwh. At least NH and ME are going to suffer from significantly higher electricity rates too.
WaitForItTheMongols t1_ix1z9r5 wrote
Luckily it's... a grid. And therefore power can be transported over wires from elsewhere.
StarbeamII t1_ix1zveg wrote
It's actually a lot lower than that. In 2021, 46% of the electricity New England used from natural gas, 0.5% from coal, and 0.2% from oil. Another 5% came from burning wood and trash (which counts as "renewable" apparently), and another 4% of electricity was imported from New York and New Brunswick (which have mostly fossil fuel generation). So about 55.7% tops.
StarbeamII t1_ix20aie wrote
Wind and solar today are the cheapest form of electricity.
This price hike is entirely because New England is heavily reliant on imported liquified natural gas, which is much more expensive now due to the Russian invasion of Ukraine. Europeans are now relying on LNG to make up for lost Russian gas imports, and massively bidding up LNG prices.
No-Garlic-2664 t1_ix20drw wrote
That's nice that you think you can speak for every electricity consumer in the state. How about all the people who agree with you can split the extra cost and leave everybody else out of it?
RailRoad_Candy t1_ix22att wrote
Its because its not talked about in CA from a political point of view. I'm sorry, I forgot to mention I'm a transplant. I was born and raised there, I still have family there, a whole bunch of friends, there. So, incase youre wondering, in a 2ksqft home in Solano County, you're going to average $500 a month for electricity, and thats only if you have solar. Why so high? Because you get what amounts to a fine that goes directly to PG&E because youre not using all of their electricity.
Please be aware that if your bill is ~$500, about $280 is what youre still paying for power because the solar is definitely not keeping up with the AC on 110 degree days.
But thanks for mentioning my phrasing. Are you also from CA? Care to share stories?,
mtmsm t1_ix23e3q wrote
Nope
> The company says it plans to increase electric delivery fees too, but it hasn’t filed those requests yet with the state.
bakgwailo t1_ix23l9v wrote
Can thank Mittens for that one. I'm sure the deregulation and free energy market will save us!
UnthinkingMajority t1_ix25pbs wrote
Oh well then Russia, by all means, please proceed
UnthinkingMajority t1_ix26aww wrote
Disgusting to act like you have the moral high ground by thinking Ukrainian lives are worth less than your power bill. Sometimes there are no good options.
thatpurplelife t1_ix26glc wrote
We just got solar installed. They finished on Thursday. Feeling good about it, too.
Granolapitcher t1_ix279np wrote
Why stop there? They have a monopoly what’s stopping them from jacking it up any more?
No-Garlic-2664 t1_ix28j6y wrote
Disgusting to act like you can browbeat people with self righteous bullshit.
Not interested in paying billions to fund a war effort, or paying 50% more for food and energy, and there is nothing wrong with that
DialJforJasper t1_ix2942u wrote
Typical thought process of someone with deep enough pockets to simply welcome “paying more.”
dyslexicbunny t1_ix29f0u wrote
RIP Artie Crocker's inbox.
artachshasta t1_ix2b8i2 wrote
Zero resistance at 120 V means infinite power...
UnthinkingMajority t1_ix2blb0 wrote
I have been gifted with both the intellectual capacity to think that two things can be bad at once and the moral capacity to figure out which bad thing is worse
UnthinkingMajority t1_ix2c9lc wrote
You don’t have to be interested to realize that it’s the lesser of two evils.
You’re free to think your wallet is more important than the lives of other people, but don’t expect any sympathy from the rest of us for it.
Anustart15 t1_ix2cdxj wrote
>Because you get what amounts to a fine that goes directly to PG&E because youre not using all of their electricity.
Not really. They have to charge you differently because you are paying for the benefit of grid access (which 99% of people absolutely require), but no longer pay for it through electricity use like everyone else on the grid
TheDancingRobot t1_ix2gjw7 wrote
Press 1 for a lil' rimjob action
Press 2 for the deep tongue
Press 3 for the full spread
TheDancingRobot t1_ix2gn9n wrote
Who's Mittens? I'm a little dated - last Mittens I remember was Bernie.
No-Garlic-2664 t1_ix2j4ts wrote
Then stop demanding everybody else pay for the stand you personally want to take. Not even gonna bother asking you questions to discover examples where you place your wallet over the needs of others, there undoubtedly are many.
UnthinkingMajority t1_ix2jf0x wrote
I’m not asking anyone to do anything, I’m making my peace with a bad situation and saving my sympathy for people whose lives are at risk and not the ones complaining about paying more for electricity so they can bitch on Reddit 🙄
Sayoria t1_ix2lkmf wrote
Don't be silly. Their families got to eat!
[deleted] t1_ix2qzux wrote
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imanze t1_ix2ty9x wrote
You don’t pay for grid access you pay for delivery and distribution. That cost is usually set per khw on top of the electrical rate. With solar you’d still almost always still be using grid power thus using both of those. If there is (i don’t know CA rules) an additional fee just for having solar that’s a bit fucked
imanze t1_ix2u3jb wrote
Absolutely agree with you.
Yossarian465 t1_ix31gw2 wrote
The fact PG&E has been allowed to keep existing should have the entire states politicians behind bars
Yossarian465 t1_ix31kng wrote
They aren't supposed to be making money through just people using their electricity...so no they don't need to do that because they aren't losing money
magellanNH t1_ix34udf wrote
Fair. But at least we extended the license of our nuclear plant (Seabrook), unlike MA (Pilgrim) and VT (VT Yankee). Also, MA was the main plaintiff in the litigation that prevented new pipeline capacity from getting built.
Really, there's plenty of NIMBY blame to go around.
https://apnews.com/article/6e16e68b0c85487fade45dedff3e0558
https://www.vox.com/2014/12/30/7468263/vermont-yankee-shut-down
swap_catz t1_ix36928 wrote
Has nothing to do with the local monopoly. Our electricity is generated from LNG and we have to bid for it just like everyone else when there isn't much available due to the war. The prices for LNG are up 50% spot aready.
People will learn the hard way that we need fo invest in nuclear yesterday. It's frankly embarrassing that we psyopsed ourselves to depend on Russia for energy due to the green ESG bullshit and its irresponsible focus on wind and solar, when it's not mathematically possible to depend on it for base load today.
Think_Positively t1_ix376w3 wrote
You must have missed the part where I said that I'd prefer paying more, huh?
PLS-Surveyor-US t1_ix39902 wrote
you lose some in transmission. Otherwise, we could have one huge geothermal plant in wyoming to cover the whole country.
PLS-Surveyor-US t1_ix39gn7 wrote
Your heat and electric is higher because of the lack of supply. The governor (future) fought the supply lines from being built. We have to import it to have it. Solar is weaker in the winter and wind is sporadic. You still need backups to these.
Codspear t1_ix3afda wrote
Gov. Mitt Romney
Ok_Fox_1770 t1_ix3go2t wrote
Raise the price by 64%, incase you had any money left. Happy holidays! And make sure to buy an electric car to save the world by 2030 when the price will be 10x I’m sure
raerae_47 t1_ix3gsoq wrote
I paid $0 for cooling in summer with my panels but the bill definitely shoots up considerably in winter when there’s less sun
dante662 t1_ix3ljy1 wrote
Just install giant magnifying glasses above each panel!
Unlimited power!
coffeeschmoffee t1_ix3mmfy wrote
lol this made me laugh
Anustart15 t1_ix3nuxs wrote
But they are also providing a very crucial service by providing grid access and maintaining the grid. If nobody paid for it's maintenance because everyone had solar, it would fail for everyone
[deleted] t1_ix3pydx wrote
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Bostonosaurus t1_ix3ra8y wrote
**Sus Collins
UnderWhlming t1_ix3w62l wrote
Push *69 to speak to a rep
hamakabi t1_ix3xhbk wrote
Dante for Energy Secretary
Master_Dogs t1_ix4327s wrote
Medford just got a new contract with National Grid: https://medfordma.org/2022/09/29/city-providing-energy-cost-relief-to-residents-with-community-electricity-aggregation-renewal/
Rates went up from 11.507 cents/kWh to 15.358 cents/kWh - 33% increase. It's good until December 2024 but who knows what we'll end up with then. And still half the cost of the National Grid Basic supply rate of 33.891 cents/kWh.
voidedrealms t1_ix43p76 wrote
Eversoyrce is Colombia gas for those who don’t know
BackBae t1_ix4ddoa wrote
I definitely need to bother my condo association about solar panels.
NeptuneFrost t1_ix4dn7o wrote
Do you have one meter for the whole building? How would that work for individually metered units with a shared roof?
Edit: or just realizing this may be a more suburban hoa suburb situation
NotAllPositive13 t1_ix4i1dn wrote
Correct, but the deal is with NextEra, not National Grid
charons-voyage t1_ix4je4l wrote
They most certainly are not lol. Unless it is not well-refined, the vapors in paraffin wax contain only nominal amounts of benzene/toluene. You’ll inhale more benzene while pumping gas than you will by inhaling vapor emitted from candles. If you take a bunch of unrefined mineral oil and lather it on your nuts every day for a few years you’ll probably get some scrotal cancer, though (per the IARC monograph)
LogicalnotEmotional t1_ix4pzgl wrote
Any Boston folks switch over to the Boston city community electric plan? I think it was specifically created to avoid this junk. Their rates are supposedly better.
https://www.boston.gov/departments/environment/community-choice-electricity#rates
[deleted] t1_ix4q1xd wrote
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[deleted] t1_ix4q7lh wrote
88stardestroyer t1_ix50zmh wrote
That is compounded by the out of date Jones Act. Makes shipping LNG with tanker ships much more expensive that everywhere else
SynbiosVyse t1_ix552xu wrote
The number of people blaming utility companies for the cost of natural resources is laughable.
SynbiosVyse t1_ix55bgr wrote
When the hippies were picketing against nuclear was the plan to use more fossil fuels or just not use electricity at all?
DanieXJ t1_ix5bk5i wrote
No. Eversorce is like, 4 different companies including National Grid.
SynbiosVyse t1_ix5hcz1 wrote
That's new england. Look it shows 23% nuclear, this is not applicable to each new england state individually.
SynbiosVyse t1_ix5imps wrote
That is ridiculously ambitious...
[deleted] t1_ix5l3pw wrote
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StarbeamII t1_ix5li1k wrote
New England is all part of one electric grid, and shares a single grid operator and power market (ISO New England). You can look at individual states' power generation, but a lot of power gets exported between New England states so it doesn't paint an accurate picture (e.g. Vermont's in-state generation is almost 100% renewable (including biomass), but it imports 75% of its power so it ends up being very inaccurate).
Massachusetts also imports about 75% of its electricity from surrounding areas, so looking at just in-state generation doesn't paint an accurate picture either.
defenestron t1_ix5lmlj wrote
Oh, my sweet summer child, have you forgotten how Capitalism works?
There’s been a modest increase in the cost of natural gas but it’s way down since the summer, this is about profits.
Edit: For the late stage capitalists who insult while lazily failing to cite any evidence. Less than 50% of MA energy comes from LNG, so even MA paying more than the National price for LNG does not account for these wild price increases. This is the direct result of deregulation and profit-seeking.
shuzkaakra t1_ix5t0vx wrote
>“Understood, approved.”
Oh it sounds like you need to raise it probably by even a bit extra, and maybe give my cousin bob a job in your freelance layabout department.
shuzkaakra t1_ix5tctu wrote
I think you meant to say fillies.
BackBae t1_ix6j3za wrote
We don’t, shared triple decker. I’m in the wicked early planning phases of it and need to come up with some pitches of how it could work.
[deleted] t1_ix8375b wrote
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iheijoushin t1_ix85cka wrote
Eversource Energy Third Quarter 2022 Earnings: Revenues Beat Expectations, EPS Lags
Capitalism seems to be working exactly as designed.
You seem nice.
OneOnTheLeft t1_ix87mvq wrote
This change is already reflected in my current electric bill. My latest electric bill was more expensive than in the summer when my a/c was running. We have gas heat...
I don't even know what to do anymore. I can't afford to live in my home and turn on the lights.
giritrobbins t1_ix8jdh3 wrote
I'm pretty sure that information is available isn't it? The justification and everything else
giritrobbins t1_ix8jigq wrote
Which is reasonable because you'd expect PD&E to provide power when solar isn't shining or available. Those lines to the house, that capacity aren't free.
giritrobbins t1_ix8jyu0 wrote
There are a couple ways to do it. One person pays and connects to their meter (no one else benefits). The group pays and connects to a common meter with credits distributed across the various units. I think there's also a community solar approach as well
giritrobbins t1_ix8k0cd wrote
I think there are a couple documents out there on how to do solar with condo associations.
giritrobbins t1_ix8k3m2 wrote
Wasn't everyone switched automatically unless they opted out?
LogicalnotEmotional t1_ix8l6ve wrote
I specifically went online and opted in. They don't switch anyone automatically.
StarbeamII t1_ix8vf5j wrote
So revenues went up but profit was flat. Which means all the increased revenues went to paying increased cost (such as more expensive electricity generation due to higher LNG prices)
Old_Travel8423 t1_ix8xnkb wrote
Seconding this, and it makes sense to check to make sure you’re on it. Somerville just negotiated Dec 22 to nov 24 rates. Perfect timing, and the rates are pretty good. Still an increase but much less than proposed for the eversource basic.
People also need to check their bill. My building has 3 meters (2 units and 1 common). All 3 were on different plans (Somerville green, eversource basic, and one other one). I just switched them all over to Somerville green which will be a net reduction in electric cost.
Old_Travel8423 t1_ix8y0vg wrote
Natural gas prices are volatile now. From $5 last November up to $9 and then recently back down to $5.66. https://fred.stlouisfed.org/series/MHHNGSP
Anything being negotiated now is likely based on futures market prices required to lock in the cost of generating the power. I wonder if the recent drop in natural gas prices will impact regulators’ view on the price increase.
coldsnap123 t1_ixa6e7c wrote
Teach me how to be snarky and willfully ignorant about a topic, yet be so confident in an opinion.
Current-Weather-9561 t1_ixc0rb3 wrote
Mayor Wu, Governor Baker, won’t say a word about it. Shame really. Wu is the worst mayor in a long time.
Current-Weather-9561 t1_ixc0stu wrote
We don’t depend on Russia for energy. That’s Europe.
swap_catz t1_ixcie0y wrote
True, but the LNG marketplace is dominated with a significant chunk globally by Russian supply. With that off the market, all users have to compete for remaining supply. Basic economics. Supply goes down, price must go up as especially desperate users compete to get the supply they need. Its not a direct dependence, but the market as a whole is dependent.
OneOnTheLeft t1_ixdcgv6 wrote
Looks like the Mayor has a whole site about this. You can't just make stuff up, ignore facts, and then make statements like 'Wu is the worst mayor in history' based on that misinformation.
https://www.boston.gov/news/electricity-and-gas-prices-are-rising-here-are-options-save
madnu OP t1_ix0ou5a wrote
Many towns around have some kind of community electricity. People are supposed to be auto enrolled into it for a fixed rate for a longer term but if Eversource keeps on increasing rates like this, it will hit us someday all at once when that community electricity needs to renegotiate prices whenever its due.