Recent comments in /f/RhodeIsland

degggendorf t1_j58p2qt wrote

I think I can answer part of that.

For natural gas, all of November through April is considered peak season, which is accurate as far as usage goes. Why distribution costs more when we use more and there's a reverse economy of scale? I don't know.

I also don't know what exactly the Distribution Adj Charge means, nor why it's almost doubled. Ultimately because the PUC approved it, but I haven't read any report or seen any meeting minutes it anything to explain it.

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PigpenMcKernan t1_j58llib wrote

Ughh, I don’t have the energy to explain this again. It’s so much more complicated then what you describe and the cost increases aren’t coming from corporate greed or the war in Ukraine. The US is literally pumping out NG as fast as possible.

The cost to get that NG out of the ground and deliver it to your house or your closest generation station is the problem.

Good luck here my dude. Make sure you take a left where Almacs used to be.

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mdurg68 t1_j58kebd wrote

He’s at war with it but he’s losing. Just read a good article about Chesapeake Energy coming back from bankruptcy. They are at record natural gas production now. Unfortunately for New England there isn’t pipeline capacity to get it here. So it goes elsewhere and a more and more will be getting shipped to Europe as they build the terminals to fill the demand.

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thentangler OP t1_j58jmct wrote

Thank you for your kind words and the offer to help. I appreciate it. I can absorb the cost but it severely affects my savings rate and I’ll have to cut down on some other expenses.

I’m fine with the hate, but I just hope people can open their eyes and see that it is not something that is unavoidable. We have one of the largest natural gas reserves on the world, even with siphoning some to Europe.

But since the industry has been privatized, profiteering has made all the CEOs blame the Ukraine war and political policies to purposely inflate the prices when they don’t really need to be. We the middle class are the ones paying for their brownie points to their shareholders.

Maybe the govt is partially to blame but it’s the corporates that lobby to them and swing policies in their favor for increasing prices. I don’t expect people on here to hear what I say but one can only wish.

And thank you for the welcome ☺️

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mdurg68 t1_j58iztk wrote

Sell it back to power company as credit. Basically it goes like this… In summer you should have good producing months, hopefully above what you consume. The excess goes to RI Energy and they credit you for it. Winter months you produce less and you probably end up using those credits. The hope is you at least end up with net no electric bill.

Now there are so many factors like your house location, tree cover, your personal consumption etc.

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