Electricity price scam?

[Dondilion]

Under the latest scheme by the Wall Street financial gurus the price of electricity could soar.

http://america.aljazeera.com/opinion...reetenron.html

[Tom Joad]

All this shit is fixed.

When Clinton was President gas was about a buck a gallon.

Then in come two oil men, Bush and Cheney, and by the time they leave office it's almost four bucks a gallon.

Anyone who can't connect those dots is an idiot.

[merrylander]

Nah Quebec Hydro will just run another buuried cable across the St. Laurent and bury them in fact for Vermont and New Hampshire and Maine they can simply hook them into the grid. Even New York.

Where the power companies screw you is charging by the kWH for delivery. It does not cost BGE any more to deliver us 1200kWH or 7100kW but they did the smaller amount for $75 the larger was $265. We dom't even get the electricity from them as ther are too bloody expensive. When are you going to wake up down here and take power generation out of the hands of private isiots and thieves?





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[Dondilion]

Now I can understand why my electric bill went up approximately sixty percent for December when compared to the previous December for nearly the same use of electricity.

They claimed a plant up state went off line.

[donquixote99]

The energy pricing system that motivate these investors to reduce the power supply should be changed. Pending that, the proposed shutdown should be suspended as market manipulation in pursuit of unjust and unreasonable profit.

The Independent System Operator–New England, which runs the electricity market, asserts in a filing that it has no duty, reason or intent to investigate whether closing Brayton Point constitutes market manipulation. That claim is shocking, because preventing manipulation is the primary reason the market operator exists. The operator gratuitously notes that the shutdown planned by Energy partners “conformed to the governing procedural provisions.”

This clear expression of bias favoring Energy partners’ scheme goes to the heart of how corporate and investor interests have captured the regulatory system, tilting it in favor of firms like Energy partners.

The persons making decisions at 'Independent System Operator–New England' should go to prison for malfeasance.

[Tom Joad]

Originally Posted by donquixote99

Pending that, the proposed shutdown should be suspended as market manipulation in pursuit of unjust and unreasonable profit.

The way that game is played is you take all that windfall revenue and you hand it over to your CEO, and top executives in the form of compensation, perks and bonuses. Then after all that is deducted you say "But we only operate at a 6% profit margin".

[piece-itpete]

I bet the green party is fine with this. Less electricity generated and more costly so it drives conservation.

Pete

[bobabode]

Originally Posted by piece-itpete

I bet A.L.E.C. and the Koch fiends are fine with this. Less electricity generated and more costly so it drives profits.

Pete

Fixed that for ya. See? Just a couple changes and you sound rational bro.