Posted on 09/20/2022 6:48:35 AM PDT by george76
Rising natural-gas prices are expected to make it more expensive to light and heat homes in the coming months
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U.S. electric bills have soared, and are likely to move higher .
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U.S. utility customers, faced with some of their largest bills in years, are set to pay even more this winter as natural-gas prices continue to climb.
Natural-gas prices have more than doubled this year ..
From New Hampshire to Louisiana, customers’ electricity rates are increasing. The Energy Information Administration anticipates the residential price of electricity will average 14.8 cents per kilowatt-hour in 2022, up 7.5% from 2021. The agency forecasts record gas consumption this year amid surging prices, in part because power producers are limited in their ability to burn coal instead due to supply constraints and plant retirements.
Electricity prices have surged in many parts of the country alongside natural-gas prices as exporters ship record amounts of the fuel abroad because of supply shortages in Europe, which is working to slash its reliance on Russian supplies. Natural-gas producers, hamstrung by pipeline constraints and investors pushing for austerity, haven’t increased production enough to alleviate the pressure.
The U.S. consumer-price index for electricity in August climbed 15.8% over the same month a year ago, the biggest such 12-month increase since 1981, according to a report from the U.S. Bureau of Labor Statistics.
The strain is particularly acute in New England. The region is investing heavily in renewable-energy sources, but many of those projects aren’t yet operational, and it still relies heavily on natural gas for electricity production. The region has limited pipeline capacity and imports large volumes of liquefied natural gas, which are in shorter supply as a result of European demand.
(Excerpt) Read more at wsj.com ...
I have used maple, birch to heat my home for 40 years. Why change. It grows faster than I can cut it on my 60 acre woodlot.
OMG all those EVs are sucking the life out the system ,LOL
Good plan to have firewood ready.
US oil reserves fall to 37-year low as Biden’s handlers continues to export America’s oil to China.. Hunter and Joe in for a piece?
https://freerepublic.com/focus/f-bloggers/4089926/posts
bmp
Gonna need bigger windmills...............
We’re sending LNG as fast as possible to Europe to make up for their boycotting of Russian pipeline gas rather than putting it in the US market, so OF COURSE people in the US are going to pay through the teeth to heat their homes, but that’s the least they can do to help the Neocon-led government in Ukraine!
Jao Xiden: “I did that!”
Greenie Weenies: “No, you’re wrong. We did that!”
Saudi and Russian funders of greenie weenies: “No, YOU”RE wrong. We did that! Death to the USA!”
Viva Ukraine!
Hey, why did my lights just go out???
FJB and his filthy communist ilk of flying monkeys.....
Wait until people fill their oil and propane tanks. FJB.
I’m still at .104-kWh in Northern Kentucky. Coal is beginning to go the route of tobacco around here twenty years ago though. Half the coal fired plants on the Ohio have been shuttered by the Obamatchik EPA. That action is going to definitely leave a mark on us. Thank goodness I don’t live in New England. Their rates are 50% higher than mine!
If you like cheap EV charging you can keep it. End of quote. End of line.
(Typed in my best Obiden voice.)
“The strain is particularly acute in New England. The region is investing heavily in renewable-energy sources, but many of those projects aren’t yet operational, and it still relies heavily on natural gas for electricity production. The region has limited pipeline capacity and imports large volumes of liquefied natural gas, which are in shorter supply as a result of European demand.”
The people of MA & NH had the opportunity to have a 3’ diameter natural gas pipeline from PA through NY, MA & NH to be constructed by Kinder Morgan. The NIMBY effect rallied against it. Even in my town in southern NH where it would have followed the existing ROW for a 1’ diameter pipeline.
So, Eversource(the electric utility) ends up buying LNG delivered to the port of Boston. The problem as stated in the article, is that once that gas is loaded on a vessel it is worth more to take it to Europe than it is to anywhere on the east coast of the USA. If we had a pipeline, the price of gas would have gone up, but not as much as the price for LNG.
Hence, Eversource asked for an increase from the PUC of NH from $.11/KWH to $.22/KWH. The PUC granted it because the utilities fixed costs were up so much. On their August electric bills everyone got the new rates and were whining because their bills had doubled.
There is also no increase here in East Tennessee.
In many respects the USA has been as shortsighted as the Europeans.
For years the USA has been shutting down the coal fired electrical plants and building new plants that burn natural gas.
Just like Europe, the USA has created a reliance upon natural gas as the primary feedstock for electricity production.
Natural gas has been in the $8 to $9 range for many months.
Just to remind folks, natural gas prices peaked at the $15 range in 2008.
I installed a wood burner a couple of years ago. I also own about 25 acres of woods. I get all the heat I want just from what falls down.🤣
Thank You Xiden.
Ain’t the GND and the woke energy RATS grand???…hey you morons…people like heat when it’s cold and cool when it’s hot…they like to hop in their ice vehicles and drive 6-800 miles when they want, and they like to eat when they are hungry….what a bunch of stupid people running this country…
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