thawkth t1_ixadi7u wrote on November 21, 2022 at 11:27 PM

Reply to comment by eddie964 in Happy Eversource-giving Everyone by cryptocratic7

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.

eddie964 t1_ixaduq6 wrote on November 21, 2022 at 11:29 PM

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.

thawkth t1_ixae7gj wrote on November 21, 2022 at 11:32 PM

Two dimensional outrage is a social narcotic.

jizzhose2 t1_ixahhry wrote on November 21, 2022 at 11:57 PM

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.

howdidigetheretoday t1_ixcqgqd wrote on November 22, 2022 at 1:42 PM

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

Voormijnogenonly t1_ixasjwk wrote on November 22, 2022 at 1:23 AM

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.

blueturtle00 t1_ixbmw8p wrote on November 22, 2022 at 5:43 AM

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.

thawkth t1_ixcdv3f wrote on November 22, 2022 at 11:39 AM

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.

TituspulloXIII t1_ixenieu wrote on November 22, 2022 at 9:31 PM

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)