| ▲ | trollbridge 3 hours ago | |||||||||||||||||||
I spoke with two working class people last week who are facing power shutoffs because they got an unexpected $700 power bill. Not sure if it were a sneaky electricity supplier change or if costs have simply gone up. But the problem of consumer rates just always ratcheting up needs addressed. | ||||||||||||||||||||
| ▲ | catketch 2 hours ago | parent | next [-] | |||||||||||||||||||
That happens when people are on variable rate or TOU plans, it's very common. "sneaky" may or not be part of it, since ostensibly there's a contract that defines the terms of the electrical service, so it shouldn't be a surprise. But for a lot of folks it's a lot to keep track of, there can be confusing terminology, and yes, some energy retailers are predatory in their plan marketing or contract terms. It's a double edged sword of free market choice in deregulated markets. People that have choices for their energy supply don't always have the time and knowledge to optimize their plan choices and electricity use to get "optimum" pricing. This is why there's pushback in some areas that have had deregulated energy markets to go back to regulated pricing, the "average consumer" isn't seeing the payoff of the free market (even if that is technically "their fault"). | ||||||||||||||||||||
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| ▲ | Aurornis 2 hours ago | parent | prev | next [-] | |||||||||||||||||||
Electricity prices are heavily regulated. The largest increase I can find from a short search is around 20% for some customers in New Jersey. The average year over year increase is closer to 6% Unexpectedly high electricity bills are almost always from actual usage. Unexpectedly high winter electricity bills are usually from resistive electric heating in one way or another. You didn’t mention their normal December bill in this exact house, which is an important piece of information. | ||||||||||||||||||||
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| ▲ | blitzar 2 hours ago | parent | prev [-] | |||||||||||||||||||
Prices only go one way. Without inflation, debt has to be repaid in more expensive $'s than it was created in and the whole system goes boom. | ||||||||||||||||||||