Viewing a single comment thread. View all comments

zipykido t1_ix1mk2z wrote

National Grid increased their electric rates by 64%, they just pick a random number and someone in government approves it.

34

Old_Travel8423 t1_ix8y0vg wrote

Natural gas prices are volatile now. From $5 last November up to $9 and then recently back down to $5.66. https://fred.stlouisfed.org/series/MHHNGSP

Anything being negotiated now is likely based on futures market prices required to lock in the cost of generating the power. I wonder if the recent drop in natural gas prices will impact regulators’ view on the price increase.

5

giritrobbins t1_ix8jdh3 wrote

I'm pretty sure that information is available isn't it? The justification and everything else

3