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hydrationdome t1_ix9y5n8 wrote

Turkey by candlelight this year. Have to make sure the Eversource board can get a fresh coat of wax on their yachts.

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eddie964 t1_ixa0mdl wrote

They actually won't get a penny from the supply rate increase. If you're looking for someone to be angry at, look at the owners of the big natural gas power plants: PSEG, Emera, etc. They are the ones getting all the money. Eversource is just a pass-through.

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thawkth t1_ixadi7u wrote

It infuriates me that in their anger people in this sub downvote objective truth.

What you said is true. Which is why UI had the same increase at the same time. And why NH and MA customers are getting huge increases as well.

It’s almost like there’s a war halfway around the world and the global energy crisis is a real thing.

And yes, Eversource is shitty and deserves to be broken up and made a publicly owned utility.

Doesn’t mean you should downvote the truth.

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eddie964 t1_ixaduq6 wrote

It also kind of bugs me that the people who are literally profiting from this are getting off scot-free. When is the last time you heard PSEG or Emera mentioned in a news article about the supply rate hike? The money is literally going straight to them, and (unlike auI and Eversource) they are making a profit from it.

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thawkth t1_ixae7gj wrote

Two dimensional outrage is a social narcotic.

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jizzhose2 t1_ixahhry wrote

How is it possible that Constellation is able to supply electricity to anyone who wants it at a rate cheaper than what Eversource, with all its power, is able to obtain? Why can’t Eversource buy from Constellation on our behalf?

Something seems very wrong with the wholesale energy market.

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howdidigetheretoday t1_ixcqgqd wrote

Asked another way... why is any Eversource customer paying Eversource for supply?

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Voormijnogenonly t1_ixasjwk wrote

I was in Europe months ago and my host chastised me for leaving a light on for too long. The energy crisis is already a huge issue across the Atlantic. We were insulated from it for a bit but without more independent renewable generation our supply chain is still vulnerable to global events.

Regulators should do what they can to make this easier on people including energy aid payments for low income people, investment in renewables, and a mandate that the prices go back down if/when the market stabilizes. Until we have a public utility, putting all the blame on the company responsible for transmission doesn't affect the price of the product they buy and sell.

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blueturtle00 t1_ixbmw8p wrote

If that’s true how can that other company that the name Is escaping me lock in at 13 cents for the next 3 years.

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thawkth t1_ixcdv3f wrote

There’s only so much to go around. You think many people are signing up for constellation vs total eversource customers?

I’m also not here, nor am I qualified, to teach people how the energy market functions.

You want to be mad, be mad. But Eversource can be greedy bastards AND not be making money off this increase at the same time.

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TituspulloXIII t1_ixenieu wrote

It is in fact true.

As far as Constellation (that's the name you're forgetting) they might be losing money on this 13 cents per KWh for the next few months, but they also have you in at a 3 year contract, perhaps down the line they will turn a profit.

Constellation might also have a cheaper way to produce power (i believe they are based out of texas, so they could be getting higher priority on the pipeline)

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tom_echo t1_ixbdxhw wrote

Im sure they’re doing very well with the highest delivery fees in the country.

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eddie964 t1_ixbebyr wrote

Sure they are, and that's fair game.

But it's not the delivery fee that's going up 50%, and those supply rates go straight to third parties, who are making a killing off the high prices. They must be laughing their monacles and top hats off watching UI and Eversource take the blame.

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juice06870 t1_ixc7cv2 wrote

Where is the gas coming from that supplies the power plants? Not by pipeline apparently, since the politicians vetoed any new ones to connect the power plants to the supply fields.

So now they have to pay mega bucks to import it by ship from overseas. And if they want to bring it by ship from domestic sources, they are paying 3x or more on top of that because of the Jones Act. Oh and by the way, the entire world is looking for ships to deliver this stuff right now, so the shipping rates are also through the roof.

The results of our voting, and of the unrealistic dreams of transitioning off of fossil fuels so quickly without 100% viable alternative replacements are coming home to roost.

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eddie964 t1_ixcic6a wrote

The gas is coming in by pipeline. We just need more capacity. Almost all of the supply used in Connecticut is domestic.

Strongly disagree about transitioning off fossil fuels. What's going on is the strongest argument I can imagine for moving to renewables. If this had happened five years from now, with thousands if megawatts of offshore wind operating off the MA and RI coast, we would be pretty well insulated from volatile fossil fuel prices.

Sadky, the last administration put those projects on hold, so the turbines aren't in place yet.

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Middle-Class-Dad t1_ixdijfb wrote

How do you produce solar power during the winter when days are short and highest demand is at night?

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hamhead t1_ixdt5xg wrote

That’s not really relevant. Solar isn’t the only power source. But it does help reduce the need for others.

Gas isn’t going away in the foreseeable future. But other types of power production can reduce the need for it, especially at off peak times.

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TituspulloXIII t1_ixenqz4 wrote

Highest demand isn't at night, it's still during the day.

And any extra solar produced that could help turn down gas power plants means pipelines can get a "break" during the day and help fill up storage rather than everything being used.

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