Submitted by kingofallnorway t3_xwi186 in RhodeIsland
Did McKee essentially stop the higher rates from impacting low-income people? How will that work on people's bills?
I assume the middle class gets bent on this. Next spring will electric rates go back down?
I'm not sure what will happen in the spring either, but if I were a betting man, I'd bet against "going down ".
If they do go down, if, it's still going to be far higher than we've ever paid for summer rates.
Hey if we can pay for higher rates, then we can pay for lowered but still higher rates.
Is it a single credit or recurring every month? I thought there were line items mentioned
That part I am unsure of sorry
We all are going to be paying 50% higher electric bills from here going forward.
No matter what your usage or income is…
Even if your income is below poverty level…
However, if your income is below “X” amount, there is a TEMPORARY subsidy available until next Springtime. But it’s a subsidy…
Meaning it’s offset by every other person paying the higher rates that do not qualify for a taxpayer funded subsidy. Bottom line is that all Rhode Islanders that pay utility bills are getting screwed, no matter what your income is…
And that should be important…
Why does RI have the most expensive electricity in the country?!?
Forget about income…
Why is electricity more expensive here?
Pay attention TO THAT.
Let’s change THAT!
We (the US) have the largest reserves of natural gas and oil ON THE PLANET. It should be cheaper here than anywhere else, like pennies on the ton. The people that are doing this to you are doing it by choice. Your just not the one choosing.
No we don't. Russia does.
Naturally getting screwed 🥹
If RI really wanted to get ahead, we’d look into creating alternative energy sources right here. There are less than 100 years (max) of natural gas left in the entire world if we continue to use it at current consumption rates. And the cost of that will just continue to go up as supply dwindles.
Hahahahahahahahaha
Yes, those who don't qualify for assistance will pay the higher rates. We don't know yet about rates for next year. It's spiked so much in part due to Russia being a major provider of the world's natural gas supply and that's gone from the market, so everyone else has fewer sources to buy from, which increases rates. And RI electricity is generated from about 80% natural gas sources. So if ol' Vlad chills out over there and the market opens up again, we could see rates go down. If crazier things happen, they could go up further.
In 2021, about 99% of U.S. total annual natural gas imports were from Canada and nearly all by pipelines.May 12, 2022
The supply is still gone from the market, which inflates prices.
^^ This.
Especially in the winter when the priority is heating homes with natural gas vs generating electricity.
Ok, but that's not relevant. OP is asking about RI not US. In RI, it's 88% natural gas. Also doesn't matter how it gets here. https://www.eia.gov/state/print.php?sid=RI
Gooooo solaaarrrrr
Nuclear!
I see a lot of new solar farms built in RI - doesn’t seem to affect our rates at all
Put them on your roof!
solar doesn’t help you heat and cook guy, need natural gas
It does guy. It's called electricity. Most people don't have natural gas
Incorrect. 70% use gas or fuel oil…
And 30% of that use natural gas, clearly the minority. And most homes who do use oil have electric stoves, so wrong again.
Incorrect. Only 13% of American households have heating oil, primarily concentrated in the northeast. Try again.
You try again. We're not talking about American households we're taking about RI. Learn how to research within a scope. Every time you lose an argument you expand the scope.
Incorrect again. 60% of households in Rhode Island heat with natural gas. source: EIA, https://www.eia.gov/state/analysis.php?sid=RI
Excess Solar energy is stored in batteries. That energy is converted to electricity and can be used to heat and cook when it’s dark out. But of course you know that.
Saudi Arabia just helped to keep those rates high for a long time to come. Remember the real cheap gas, that was a production "war" between the Saudis and the Russians that busted our oil production. Just in time for the invasion of Ukraine, now they cut production to raise pricing which helps Russia. Presidents usually do not have a hand in oil prices except with the release of the petroleum reserves, Biden and other world leaders did what they should have and released them this "angered" the kingdom and they +Russia cut production. Now Biden needs to cut them off, help the 9/11 families sue them and expose them for the criminals they are. We spilled RI blood defending them and they always seem to get a free pass when they go against the world to line their pockets. Prices are global unless you have a private well and processing facility you pay the world price.
Of course we are. We're going to be the ones paying for it all as usual.
Biden admin has limited gas leases which has reduced production over the last 18 months — if we approved just 10% of applications, we would have a glut of gas. Especially considering that the Freeport LNG export facility is down on maintenance - which represents 20% of export capacity. Once that starts up this month, we are f*cked.
This right here. Biden is killing our energy production. The Saudi’s and Russians just nailed us again. Cutting opec production. Biden is not respected by the world. We were energy independent with very little inflation now it’s a shit show with this guy.
Tell us how you don’t understand global economics…. The world respects Biden more than Trump, Biden is still an old stick in the mud.
Something tells me your inner circle is small and all similar-minded 🤣
I don’t care about Trump.
yup! that is what happen when you mail in a “president” LOL
What’s considered low income during inflation and a recessive, seems bias, aren’t we about equality these days, we’re all struggling, I wonder if we can sue the state for not offer help to all its citizens.
If everyone is getting help how would the state then pay for that ???
As far as I can tell the government caused it, they gave away a bunch of money, they put a choke hold on fossil fuels, and then they raised interest rates, fuck them they need to pick up the tab!
Well bro take a look in the mirror , you’re part of the government. When it comes to tax payer money there isn’t a magic fairy that bestows money that doesn’t have to be paid back someday .
Yes the rates typically increase in the fall and decrease in the summer
buddhamanjpb t1_ir6w0fj wrote
Lower income folks will get a larger credit to use for the year to help with electric bills. Someone I know who is on SSDI is getting an additional $650 for the year.
Yes, the middle class are getting screwed per usual. We make too much to get assistance, and we we make too little for it not effect our wallets.
Not sure what will happen in Spring.