JAK3CAL t1_iuufhfw wrote
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
Fuck long day of work lol, you are correct but yet…
Advanced-Guard-4468 t1_iuufnbj wrote
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
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
Lots of residential pricing is locked in like PA has. So the price fluctuations on supply side doesnt matter, reflect in the price.
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