Simple basic things like electricity are going the same way as housing.
Posted on 09/18/2017 8:23:56 AM PDT by george76
In 2001, Colorado electricity consumers enjoyed some of the lowest electric rates in the country. The 15 years since haven’t been so kind to ratepayers. For more than a decade, elected officials, PUC commissioners, industry and advocates have told Colorado ratepayers that they could transform the state’s electricity generation away from coal and toward industrial wind, solar and natural gas with little cost to ratepayers. However, the actual numbers tell a much different story.
Colorado electricity rates have risen sharply – 62.1 percent – across residential, commercial and industrial sectors, despite a slight decrease in recent years.
Colorado electricity rates have increased 17.2 percentage points more than the Mountain state region (Arizona, Idaho, Montana, New Mexico, Nevada, Utah and Wyoming) collectively, where rates increased 44.9 percent over the same time period.
The 62.1 percent increase is 1.75 times more than the cumulative rate of inflation at 35.4 percent.
The rise in electricity rates has outpaced the rise in household income which has averaged a meager four percent over the last 10 years.
Public policy may be to blame in part. Colorado Public Utilities Commission (PUC) data suggests that in 2012, part of the dramatic increase was due to the renewable energy mandate.
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Between 2005 and October of 2015… natural gas prices delivered to electric utilities declined by almost 60 percent and coal prices have remained essentially flat.
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During this same time, U.S. cumulative inflation rate was 35.4 percent. That means the cost of powering Coloradans’ homes and the state’s economy has increased 1.75 times (nearly double) the rate of inflation
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Governor Ritter and other renewable energy advocates said the NEE in Colorado wouldn’t cost ratepayers more. A 62.1 percent electricity increase, over the last fifteen years, across all sectors, shows just how wrong they were.
(Excerpt) Read more at i2i.org ...
All of those grow houses sucking up the Alternating Current.
Not much different than housing prices in many regions, where most of Middle America has simply been priced out.
Now they're charging obscene rates for what used to be extremely reasonable. Seems to be a pattern with these greedy SOB's.
Simple basic things like electricity are going the same way as housing.
The ground source system can be retrofitted. Instead of vertical wells, installers are now plowing horizontal pipe with a Ditch Witch. A relative put one of these in via a pond and it does work well. We live next to a lake but didn't want to chance someone’s propeller slicing into the pick up source.
It’s just me and a dog in a 1600 sq ft ranch right now, electric heat pump keeps the house relatively comfortable and it’s not that expensive. Really hot or really cold (by our standards that would be single digit lows) the bill can creep up over $150 a month but generally it’s less than $100 a month. I don’t think for a minute that the current rate is going to stay put though, so I’m always looking around. Those far infrared film systems do sound intriguing, since I’ve always loved radiant heat. Just put it in beneath the flooring of whatever type, tile, wood, carpet, whatever. Thermostatically controlled just like anything else.
The left is ruining Colorado. They are doing through vote fraud. Same day registration is destroying vote integrity and Colorado has turned purple.
Its OK. All the “right” people made money on it.
The newer (2014) Water heaters are very well insulated now. (+3”) The only stupid requirement is basically anything over 55 gals has to be a heat pump type unit.
The tank-less can be quite problematic especially with mineral issues in the water.
To try to run one on electricity is just insane. 60 Amp supply run to the tank-less.
I see some companies are even putting small tanks for storage on their tank-less heaters. Thus coming full circle again.
Colorado's Renewable Energy Standard requires investor-owned electric utilities to provide 30% of electricity sold from renewable energy sources by 2020, with 3% coming from distributed generation.
That may explain a lot.
I do have high mineral content in my water. It plays havoc on my conventional system, so I can’t imagine the heat exchangers would have fewer issues.
And all I have is electric, not a very viable source for tankless.
There are quite a number of electric tankless or mini-tank systems being sold at Lowe’s, Home Depot and the like, so it’s not as if they’re somehow novel or questionable. Gas is much more common but I know people who have them and are happy with them. As far as mineral deposits, I as well as most people I know on well water have issues in that regard and have whole house water filtration and softening systems, those are not that costly either and come with new construction now. The water is acidic here, not doing so would put pinholes in copper plumbing eventually and wreck the house with water leaks all over the place.
Hello Venezuela.
The Colorado Public Employee Retirement Association (PERA) admits to having $23 billion in obligations for which it has insufficient assets to cover. Using a more conservative discount rate, appropriate for a public pension obligation, the unfunded liability looks more like $57 billion, or $23,000 for every Colorado household.
[There are quite a number of electric tankless or mini-tank systems being sold at Lowe’s, Home Depot and the like, so it’s not as if they’re somehow novel or questionable.]
Didn’t say they were.
In my experience they can be problematic and I typically don’t recommend them to customers in my area. The new tank type heaters are extremely well insulated now and supply copious amounts of all the hot water you could need ready to go. Even with multiple simultaneous fixture draws.
Anywhere there is an extreme temperature change you will build mineral deposits. Even with softening systems depending on how good they are running. Tankless are much more susceptible to that due to temp difference. Not every homeowner is into acid flushing their tankless on a regular basis.
How does SPX play into it?
Like same day registration is destroying vote integrity thru vote fraud... the Federal Reserve, the Federal, state, and local governments are destroying financial integrity.
This massive money printing is destroying purchasing power of the middle class while the Federal Plunge Protection team temporally is pumping up the SPX artificially.
Must be the legal pot.
>><<
A year or so ago, an elderly lady here in Durango rented a house to some college students. She noticed a huge increase in the electric bill and had the utility company, La Plata Electric, go out and check the meter. The technician found 8 heat lamps in the basement with the pot.
Is there any legal pot left in Colorado after Ezekiel Elliott came through there this weekend?
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