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Author Topic: New England power prices drop 23 percent Back to Topics
mainenightowl

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Maine

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Message Posted: Jan 25, 2013 9:05:02 AM

BOSTON — New England's power grid operator says wholesale electricity prices dropped by nearly 23 percent regionally last year thanks to falling natural gas prices and decreased demand.
ISO New England said Wednesday that electricity prices are now at their lowest levels since 2003.

The lower wholesale prices don't necessarily mean quick drops in monthly power bills. Utility regulators in the six New England states set retail rates in advance, and because the rates are in place for intervals of months or years, the lags between drops in wholesale and retail prices can vary.

But since the ISO expects the trend of low recent natural gas prices to continue, the savings should be coming.

"With that trend line continuing, consumers will definitely see the benefit," said the ISO's chie
Visit Portland Press Herald for full article
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sjf238
Champion Author Philadelphia

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Message Posted: Jan 26, 2013 7:51:02 PM

Wow!
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hskerven
Sophomore Author Wisconsin

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Message Posted: Jan 26, 2013 7:41:16 PM

wish that would happen here
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dave27johnson
Champion Author Chicago

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Message Posted: Jan 26, 2013 7:04:34 PM

Good news.
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bston
Champion Author Oklahoma City

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Message Posted: Jan 26, 2013 2:57:16 PM

The article says it all; the regulators preset the rates well in advance so that they would reap the cost savings.
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blupupher
Champion Author Houston

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Message Posted: Jan 26, 2013 8:05:29 AM

wish they would drop here, but good for them.
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ClarkSC
Champion Author South Carolina

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Message Posted: Jan 26, 2013 7:51:33 AM

Not here.
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Nicoalbum
Champion Author Ottawa

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Message Posted: Jan 26, 2013 12:17:09 AM

Good for our neighbors
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OHMS
Champion Author Orange County

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Message Posted: Jan 25, 2013 11:34:51 PM

costs and prices?
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hskerven
Sophomore Author Wisconsin

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Message Posted: Jan 25, 2013 9:07:46 PM

wish my Bill would drop
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NHLiveFree
Champion Author New Hampshire

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Message Posted: Jan 25, 2013 9:05:07 PM


Excess profits now for the power companies since they all lied to their state public utilities commissions with trumped up studies that justified recent rate increases to consumers!!!
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race2IT
Champion Author Fort Worth

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Message Posted: Jan 25, 2013 6:49:50 PM

It must be nice.
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drobbbb
Champion Author Maryland

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Message Posted: Jan 25, 2013 4:43:16 PM

is it being passed on the customers?
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Lugi1967
Champion Author Ohio

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Message Posted: Jan 25, 2013 4:08:45 PM

If the conmsumer will get a break this will be a nice story
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ObieDog
Champion Author Maryland

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Message Posted: Jan 25, 2013 3:38:45 PM

Nice.
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Gazas
Champion Author Oakland

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Message Posted: Jan 25, 2013 3:18:38 PM

Nice. Just for how long?
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PrinceLH
Champion Author Ontario

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Message Posted: Jan 25, 2013 3:08:40 PM

They'll just hold on to the profits and use them for either upgrades or dividends.
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BIGALRPH
All-Star Author St. Louis

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Message Posted: Jan 25, 2013 2:12:45 PM

Not fair. The company saves money but you Don't! You have to keep paying the current rate? Might not sound fair, but would you not like being able to estimate your next utility bill? Just fine with me.
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tnfran
Champion Author Arizona

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Message Posted: Jan 25, 2013 12:31:43 PM

Sounds like they use the same "sliding scale Big Oil " uses. THEIR price drops by 23 % but consumers have to wait for the drop to come to them!!
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rcornel
Champion Author San Diego

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Message Posted: Jan 25, 2013 12:24:19 PM

That's nice.
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evowner
Champion Author Salem

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Message Posted: Jan 25, 2013 12:21:46 PM

Because of the various ways to produce new energies project a future of stable to lowering prices for electricity. That trend leads to utilizing electricity for transportation.
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peakkeller
Champion Author Colorado Springs

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Message Posted: Jan 25, 2013 12:21:25 PM

Anything cheaper is a relief
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rickybobbycat
All-Star Author Macon

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Message Posted: Jan 25, 2013 12:08:06 PM

Now if only gas prices would do that...
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sciotosix
Champion Author Dayton

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Message Posted: Jan 25, 2013 11:54:26 AM

Good news for them...how long does it last?
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amerk73
Champion Author Dallas

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Message Posted: Jan 25, 2013 11:53:24 AM

good for them
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peabeax55
All-Star Author Atlanta

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Message Posted: Jan 25, 2013 11:50:57 AM

Progress in the right direction. I haven't seen this in North Georgia yet.
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TripleHs
Champion Author Austin

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Message Posted: Jan 25, 2013 11:28:24 AM

nice
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Norm10
Champion Author British Columbia

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Message Posted: Jan 25, 2013 11:08:29 AM

Gland to hear it - keep the natural gas flowing!
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lesabreAZ
Champion Author Phoenix

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Message Posted: Jan 25, 2013 11:01:46 AM

No we have to raise prices to make up the difference
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beachd8
Champion Author Orange County

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Message Posted: Jan 25, 2013 10:27:12 AM

Our electricity rates continue to climb . . . why would I want an electric car with the cost of electricity? . . . how do I charge it with rolling blackouts during summer months?
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orphancarguyPE
Champion Author PEI

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Message Posted: Jan 25, 2013 10:26:12 AM

In the meantime, everyone can do themselves a favour by getting an electricity use meter, by borrowing one from your utility or public library (depending) or even buying your own, and finding out where all the hidden energy hogs are. Switching from incandescent to LED, one bulb at a time also makes sense. Do the math on what each light actually costs you to run in an average year, and likely, like me, you'll run out and buy LED bulbs (buy them on sale--never pay $35 for a bulb! My most expensive one to date was $13.29, and the cheapest, 94 cents) Forget CFL--they have mercury. LED are entirely safe and benign and last for years, indoors and out.

Its cutting off the energy hogs (power bars for TV, computers, printer, satellite dish OFF when not in use) and switching to LED which has slashed my electricity consumption permanently down to 6-8 kilowatt hours a day from 20-24
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ss70
Champion Author Detroit

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Message Posted: Jan 25, 2013 10:15:52 AM

good for them
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cdrrod
Champion Author Wisconsin

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Message Posted: Jan 25, 2013 10:15:29 AM

Let the slide continue....
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hornet17
Champion Author Vancouver

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Message Posted: Jan 25, 2013 10:15:25 AM

guess the company just made more profit.
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N5EXY
Champion Author Austin

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Message Posted: Jan 25, 2013 9:44:31 AM

Two stories from the same source - what the - - -
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humblepie
Champion Author Toledo

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Message Posted: Jan 25, 2013 9:29:13 AM

maybe in a few years rates will drop a penny or two
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BrowntruckCA
Champion Author California

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Message Posted: Jan 25, 2013 9:16:52 AM

Bait & Switch.
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Buckeyee
Champion Author Maine

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Message Posted: Jan 25, 2013 9:09:31 AM

Maines governor is trying to get power from Hydro-Quebec, which is much cheaper and cleaner. When that happens we will finally be able to offer new business a reason to build here.
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ErnieK9LO
Champion Author North Dakota

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Message Posted: Jan 25, 2013 9:08:57 AM

If prices are down, pass the savings to the consumers.
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