Yesterday it was announced here in Oregon that our natural gas bills will be dropping by 10-20% starting this fall/winter.....
My gas bill from Louisville G&E shows a gas component cost on each bill. Interestingly, when gas had dropped by 2/3 that item went down 10% (for our Democrats out there 10% is a lot less than 2/3!).
It wasn’t until winter heating season was over that the “gas component cost” went down any more (and not nearly 2/3). Which was roughly 9 months after NG made the 2/3 drop.
I called LG&E to get an explanation of “gas component cost” really means. Pi**ing into the wind on that.
Yeah but that's after the A-holes raised rates about 40% last year, all while the price of natural gas was declining in the market.
The price of MMBtu of natural gas at the Henry Hub is now at a about a 7 year low. And they are going to graciously lower our gas bills by 10-20%. Steal a TV, and you go to jail. Steal $$$Billions and you get a nice bonus.
My propane contract for this year (until March 2010) went down about $.90/gallon. This is a firm cap, not related to market prices. Last year, I had a cap of $2.50 which was reduced to $2.09 after prices went down and also after I complained. The contact had been for $2.50 OR market, whichever was lower. The nice part was they reduced all of my propane purchases from the start of 2009 to the $2.09 price. I had only expected the most recent fill (March) to be reduced.
We used the extra $$ to purchase firewood, saving my husband the work and stress. He likes to cut wood, but now he can cut ahead and not feel pressured. He has been having a banner summer with work, so money isn’t as tight as it was last summer, but time and energy are in shorter supply.
We have high gas taxes in Wisconsin, so gasoline has only dropped to $2.54. Our electric rates, however, have increased 10%. We pay 7%/month in fees and taxes PLUS a *facility fee* for operating a business. That fee has increased, too. All told, we are paying an extra 20% for electricity in fees/taxes, plus the 10% rate rise.
They catch you coming and going.