What did they expect. They destroyed a major gas line coming from Russia to Germany. So, the Germans had to buy that gas from some other place. Much of it now comes from the USA & Qatar in the form of LNG.
The Europeans bid up the price of LNG on the world market. That effects what Eversource has to pay delivered Boston to run the electrical generation plants up here in NE.
The NET result is that electric bills for many customers, especially in New England DOUBLED.
Now, when people on my local Facebook page were complaining about this fact I asked them were they in favor of the proposed gas pipeline from PA through NY , MA and NH ?
Most never answered me because none of them wanted a 3’ diameter pipeline in their backyard(NIMBY).
Sorry, I forgot it was TWO major gas pipelines going from Russia to Germany.
Here in PA we have a saying:
Coal: No fuel like an old fuel.
(From the article) :”Of course, government still wants to ban natural gas and coal.
The average price of electricity has risen a whopping 24.25% under Biden and Bidenomics. Brrr!! (Emphasis mine)
No wonder Biden only wants to talk about unlimited abortion and NOT the immigration (Fentanyl, child trafficing, crime, etc) fiasco at the border and continually rising prices.
Or Biden’s growing wars. “
”The NASDAQ commodity index RATIO is getting back to dot.com era bubble levels.”
woodbutcher1963 :” The Europeans bid up the price of LNG on the world market.
That effects what Eversource has to pay delivered Boston to run the electrical generation plants up here in NE.
”The NET result is that electric bills for many customers, especially in New England DOUBLED.
”Now, when people on my local Facebook page were complaining about this fact I asked them were they in favor of the proposed gas pipeline from PA through NY , MA and NH ?
Most never answered me because none of them wanted a 3’ diameter pipeline in their backyard(NIMBY).”
(My Opinion) : TO be solely dependent on only one fuel energy source is foolhardy and ludicrous
Of course, as the demand increases, the costs will also go up.
This is the new 'Going Green' will lead to going bankrupt due to increased costs
Thank you Bidenomics, while we ignore the energy reserves underneath our ground .
“The NASDAQ commodity index RATIO is getting back to dot.com era bubble levels.”
**************
That’s an interesting observation. The ratio looks to be poised for a reversion.
Mine, in Summer: $70, in Winter: $120.
Been that way for years, holding steady, so far.
What percentage of the cost was to charge EVs?
Gotta save the planet. I was hit with 25% for my commercial electricity and the state just approved another rate hike because they are “going green” and golly gee, it is expensive. Oh yeah. And diesel is still $5 a gall.
Just imagine how cold it would be without all of that Global Warming.