January 29, 2022
Grab your sox - and sweat shirt, and heavy pants and gloves and everything else! The price of natural gas just shot through the roof.
U.S. natural gas future pricesskyrocketed 72% on Thursday on forecasts of colder weather. It was the sharpest one-day climb for the commodity since the contract launched in 1990, CME Group data confirmed.
The 72% surge in prices came before the expiry of the February contract for nat gas as weather forecasts now look colder. The March contractâ€™s price rise paled compared to the February contract rise. But the 10% rise for the March contractâ€”on any other dayâ€”would have been more noticeable.
But hey! Conservation and "green" energy will see us through! That is, if you live through the winter...
Posted by: Dana Mathewson at January 29, 2022 11:10 PM (551jX)
Two months ago customers of San Diego Gas & Electric were hit with a 28% jump in our electric bill. Yes, 28% government approved, all at one time rise, in the middle of what passes for winter here.
Now we are being told we are being moved into a CCA, some sort of cooperative power buying thing that will use "31% green energyâ€ to replace the power provided by SDG&E. All customers will be switched unless they call a phone number to "opt out.â€
All of this was due to an "Initiativeâ€ which was passed several years ago to save consumers money because it was a "cooperativeâ€ which would be a "not for profitâ€ enterprise, and save the planet by using "green energy.â€
Now itâ€™s being put in place right after an SDG&E 28% rate increase and our rates will indeed go down, but only by 1% of the current amount. Had it been put in place two months ago rates would have gone up 27%..
Posted by: Bill H at January 30, 2022 09:40 AM (/sW5m)
Posted by: Timothy Birdnow at January 30, 2022 10:57 AM (At6xD)
Yeah; they were just waiting for a chance to implement that.
Posted by: Timothy Birdnow at January 30, 2022 10:58 AM (At6xD)
Posted by: at March 04, 2023 05:55 AM (JS3Nr)
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