TheAnt06 t1_j63rgjh wrote
Reply to comment by BeerPizzaGaming in EVERSOURCE NEEDS TO ISSUE REFUNDS. Nat gas trading @ $2.83 Henry Hub which is down about 70% since August peak. by BeerPizzaGaming
I am educated. And had to correct the usage of delivery in my post.
They do not profit on supply at all. Period. Nothing you can say "educate yourself" will change that. It is a fact.
They only profit on delivery.
BeerPizzaGaming OP t1_j63uxnd wrote
From your first response;
>Eversource does not make any profit off of delivery.
If you were educated and knew what you were talking about you would know that since generation and delivery were decoupled Eversource cannot mark up generation services they do not perform and ALL of their profit would come from delivery.
Eversource, however, has many subsidiaries which are involved in various aspects of natural gas supply, electricity generation and market pricing in addition to delivery of power and gas etc..
In the mid 2010's there was huge backlash when it was revealed that Eversource was still generating and selling power and at a substantial markup through some of their subsidiaries whom owned power plants. This forced Eversource to auction and sell off those plants (2018 I think but I do not recall exactly).
The whole industry, however, is like the cable industry, it is a protected oligopoly.
Do some research.
AhbabaOooMaoMao t1_j63vrn8 wrote
>I am educated. And had to correct the usage of delivery in my post. > >They do not profit on supply at all. Period. Nothing you can say "educate yourself" will change that. It is a fact.
At the end of the line, bud, it's the same richers that own the big chunks of shares of deliverers and suppliers. Integrated investing.
The solution to our Eversource problem js not fossil fuels. It is antitrust law and insider trading laws, both federal matters.
Anything else is just bandaids.
BeerPizzaGaming OP t1_j67vfou wrote
Someone that understands how the deregulation actually worked.
Nothing more than a huge scam to make a small group rich.
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