JAK3CAL t1_iuu8hfk wrote on November 3, 2022 at 1:22 AM

Reply to comment by Advanced-Guard-4468 in FYI: PPL is Increasing their Electricity Rates by 18% to 14.612 cents/kWh on December 1st. This is up 53.78% YOY. by giggles-mcgee

It is?

Advanced-Guard-4468 t1_iuuf0hm wrote on November 3, 2022 at 2:08 AM

Propane? Really. That's not natural gas.

JAK3CAL t1_iuufhfw wrote on November 3, 2022 at 2:12 AM

Fuck long day of work lol, you are correct but yet…

Is it Part II?

Advanced-Guard-4468 t1_iuufnbj wrote on November 3, 2022 at 2:13 AM

https://www.bloomberg.com/news/articles/2022-10-24/natural-gas-prices-in-texas-are-plunging-toward-zero-as-supply-swamps-pipelines

Sorry for the paywall but you get all you need to know from the 1st paragraph.

We have so much under our feet that the price could be zero except they need to make some money to pay off the loans they take out for the initial drilling costs.

JAK3CAL t1_iuuit0y wrote on November 3, 2022 at 2:37 AM

Let’s see if it hits industrial prices then because the US EIA is pricing it pretty high right now

Advanced-Guard-4468 t1_iuujc9p wrote on November 3, 2022 at 2:41 AM

Lots of residential pricing is locked in like PA has. So the price fluctuations on supply side doesnt matter, reflect in the price.