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Author	Topic: New England power prices drop 23 percent	Post a Reply Back to Topics

mainenightowl All-Star Author Maine Posts:849 Points:302,195 Joined:May 2012	Message Posted: Jan 25, 2013 9:05:02 AM Ignore mainenightowl Report Abuse 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

mainenightowl

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Maine

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

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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

REPLIES (newest first)Ignore Short Messages

sjf238 Champion Author Philadelphia Posts:1,215 Points:647,205 Joined:Mar 2011	Message Posted: Jan 26, 2013 7:51:02 PM Ignore sjf238 Report Abuse Wow!
hskerven Rookie Author Wisconsin Posts:79 Points:48,205 Joined:Jan 2013	Message Posted: Jan 26, 2013 7:41:16 PM Ignore hskerven Report Abuse wish that would happen here
dave27johnson Champion Author Chicago Posts:1,784 Points:404,915 Joined:Feb 2012	Message Posted: Jan 26, 2013 7:04:34 PM Ignore dave27johnson Report Abuse Good news.
bston Champion Author Oklahoma City Posts:1,800 Points:637,525 Joined:Mar 2011	Message Posted: Jan 26, 2013 2:57:16 PM Ignore bston Report Abuse The article says it all; the regulators preset the rates well in advance so that they would reap the cost savings.
blupupher Champion Author Houston Posts:3,523 Points:743,820 Joined:Feb 2011	Message Posted: Jan 26, 2013 8:05:29 AM Ignore blupupher Report Abuse wish they would drop here, but good for them.
ClarkSC Champion Author South Carolina Posts:3,058 Points:1,007,405 Joined:May 2010	Message Posted: Jan 26, 2013 7:51:33 AM Ignore ClarkSC Report Abuse Not here.
Nicoalbum Champion Author Ottawa Posts:5,995 Points:1,184,200 Joined:Jan 2010	Message Posted: Jan 26, 2013 12:17:09 AM Ignore Nicoalbum Report Abuse Good for our neighbors
OHMS Champion Author Orange County Posts:13,696 Points:1,687,875 Joined:May 2005	Message Posted: Jan 25, 2013 11:34:51 PM Ignore OHMS Report Abuse costs and prices?
hskerven Rookie Author Wisconsin Posts:79 Points:48,205 Joined:Jan 2013	Message Posted: Jan 25, 2013 9:07:46 PM Ignore hskerven Report Abuse wish my Bill would drop
NHLiveFree Champion Author New Hampshire Posts:11,066 Points:1,618,325 Joined:Jun 2008	Message Posted: Jan 25, 2013 9:05:07 PM Ignore NHLiveFree Report Abuse 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!!!
race2IT Champion Author Fort Worth Posts:1,765 Points:720,800 Joined:Oct 2008	Message Posted: Jan 25, 2013 6:49:50 PM Ignore race2IT Report Abuse It must be nice.
drobbbb Champion Author Maryland Posts:3,455 Points:808,235 Joined:Dec 2010	Message Posted: Jan 25, 2013 4:43:16 PM Ignore drobbbb Report Abuse is it being passed on the customers?
Lugi1967 Champion Author Ohio Posts:4,768 Points:998,245 Joined:Jun 2010	Message Posted: Jan 25, 2013 4:08:45 PM Ignore Lugi1967 Report Abuse If the conmsumer will get a break this will be a nice story
ObieDog Champion Author Maryland Posts:1,956 Points:847,595 Joined:Sep 2010	Message Posted: Jan 25, 2013 3:38:45 PM Ignore ObieDog Report Abuse Nice.
Gazas Champion Author Oakland Posts:2,232 Points:443,000 Joined:Feb 2012	Message Posted: Jan 25, 2013 3:18:38 PM Ignore Gazas Report Abuse Nice. Just for how long?
PrinceLH Champion Author Ontario Posts:2,672 Points:534,045 Joined:Jun 2011	Message Posted: Jan 25, 2013 3:08:40 PM Ignore PrinceLH Report Abuse They'll just hold on to the profits and use them for either upgrades or dividends.
BIGALRPH Veteran Author St. Louis Posts:418 Points:143,640 Joined:Nov 2012	Message Posted: Jan 25, 2013 2:12:45 PM Ignore BIGALRPH Report Abuse 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.
tnfran Champion Author Arizona Posts:4,358 Points:838,190 Joined:Dec 2010	Message Posted: Jan 25, 2013 12:31:43 PM Ignore tnfran Report Abuse 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!!
rcornel All-Star Author San Diego Posts:709 Points:223,720 Joined:Jun 2012	Message Posted: Jan 25, 2013 12:24:19 PM Ignore rcornel Report Abuse That's nice.
evowner Champion Author Salem Posts:2,156 Points:354,285 Joined:May 2012	Message Posted: Jan 25, 2013 12:21:46 PM Ignore evowner Report Abuse 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.
peakkeller Champion Author Colorado Springs Posts:1,674 Points:773,575 Joined:Dec 2009	Message Posted: Jan 25, 2013 12:21:25 PM Ignore peakkeller Report Abuse Anything cheaper is a relief
rickybobbycat All-Star Author Macon Posts:561 Points:480,830 Joined:May 2011	Message Posted: Jan 25, 2013 12:08:06 PM Ignore rickybobbycat Report Abuse Now if only gas prices would do that...
sciotosix Champion Author Dayton Posts:2,729 Points:662,125 Joined:Apr 2011	Message Posted: Jan 25, 2013 11:54:26 AM Ignore sciotosix Report Abuse Good news for them...how long does it last?
amerk73 Champion Author Dallas Posts:7,029 Points:1,617,060 Joined:Oct 2008	Message Posted: Jan 25, 2013 11:53:24 AM Ignore amerk73 Report Abuse good for them
peabeax55 All-Star Author Atlanta Posts:713 Points:185,415 Joined:Mar 2012	Message Posted: Jan 25, 2013 11:50:57 AM Ignore peabeax55 Report Abuse Progress in the right direction. I haven't seen this in North Georgia yet.
TripleHs Champion Author Austin Posts:3,355 Points:915,140 Joined:Oct 2009	Message Posted: Jan 25, 2013 11:28:24 AM Ignore TripleHs Report Abuse nice
Norm10 Champion Author British Columbia Posts:3,327 Points:162,150 Joined:Dec 2010	Message Posted: Jan 25, 2013 11:08:29 AM Ignore Norm10 Report Abuse Gland to hear it - keep the natural gas flowing!
lesabreAZ Champion Author Phoenix Posts:1,676 Points:408,555 Joined:Nov 2011	Message Posted: Jan 25, 2013 11:01:46 AM Ignore lesabreAZ Report Abuse No we have to raise prices to make up the difference
beachd8 All-Star Author Orange County Posts:735 Points:110,680 Joined:Oct 2012	Message Posted: Jan 25, 2013 10:27:12 AM Ignore beachd8 Report Abuse 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?
orphancarguyPE Champion Author PEI Posts:3,821 Points:730,015 Joined:Jan 2011	Message Posted: Jan 25, 2013 10:26:12 AM Ignore orphancarguyPE Report Abuse 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
ss70 Champion Author Detroit Posts:9,630 Points:1,866,100 Joined:Sep 2005	Message Posted: Jan 25, 2013 10:15:52 AM Ignore ss70 Report Abuse good for them
cdrrod Champion Author Wisconsin Posts:4,134 Points:779,775 Joined:Feb 2006	Message Posted: Jan 25, 2013 10:15:29 AM Ignore cdrrod Report Abuse Let the slide continue....
hornet17 Champion Author Vancouver Posts:1,323 Points:440,865 Joined:Aug 2011	Message Posted: Jan 25, 2013 10:15:25 AM Ignore hornet17 Report Abuse guess the company just made more profit.
N5EXY Champion Author Austin Posts:5,472 Points:1,506,380 Joined:Jul 2004	Message Posted: Jan 25, 2013 9:44:31 AM Ignore N5EXY Report Abuse Two stories from the same source - what the - - -
humblepie Champion Author Toledo Posts:34,054 Points:2,367,370 Joined:Mar 2006	Message Posted: Jan 25, 2013 9:29:13 AM Ignore humblepie Report Abuse maybe in a few years rates will drop a penny or two
BrowntruckCA All-Star Author California Posts:666 Points:469,065 Joined:Aug 2011	Message Posted: Jan 25, 2013 9:16:52 AM Ignore BrowntruckCA Report Abuse Bait & Switch.
Buckeyee Champion Author Maine Posts:4,581 Points:895,005 Joined:May 2010	Message Posted: Jan 25, 2013 9:09:31 AM Ignore Buckeyee Report Abuse 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.
K9LO Champion Author North Dakota Posts:2,664 Points:539,980 Joined:Nov 2010	Message Posted: Jan 25, 2013 9:08:57 AM Ignore K9LO Report Abuse If prices are down, pass the savings to the consumers.