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swap_catz t1_ix36928 wrote

Reply to comment by Granolapitcher in Eversource seeks 43% rate hike for electric customers in Mass this winter by madnu

Has nothing to do with the local monopoly. Our electricity is generated from LNG and we have to bid for it just like everyone else when there isn't much available due to the war. The prices for LNG are up 50% spot aready.

People will learn the hard way that we need fo invest in nuclear yesterday. It's frankly embarrassing that we psyopsed ourselves to depend on Russia for energy due to the green ESG bullshit and its irresponsible focus on wind and solar, when it's not mathematically possible to depend on it for base load today.

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Current-Weather-9561 t1_ixc0stu wrote

We don’t depend on Russia for energy. That’s Europe.

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swap_catz t1_ixcie0y wrote

True, but the LNG marketplace is dominated with a significant chunk globally by Russian supply. With that off the market, all users have to compete for remaining supply. Basic economics. Supply goes down, price must go up as especially desperate users compete to get the supply they need. Its not a direct dependence, but the market as a whole is dependent.

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