We are also on a co-op. They have a "usage explorer" tool and we set some daily use records over that period. This bill is going to smart.Bill will be higher due to higher usage, but hopefully it will be manageable.
Generac supplies diesel models as well. At least in the larger sizes.The thought with the milsurp is two fold. One they run on diesel which is quite stable and can be bought in advance and stored in barrels which the genset can draw on with aux pump. Two they are designed as primary power and can run thousands of hours if properly maintained. Really I just want to tinker with it. The Generacs are good but run on NG which could go down too. Of course they can be set up to run on LP from a tank too. I really probably need neither as our power has only gone down for over 24 hours twice in the 23 years since we bought our house new in 1998.
The thing that bugs me about electric rates is W(orthless) Bush promised reduced rates due to competition when he got deregulation. Like most of his promises - never happened. We pay higher rates now with Reliant than before. They have pretty well stopped sending me their customer satisfaction surveys.
Well oldag I am adjusting for retirement and to hell with inflation and other excuses.I am paying significantly less than I did before, adjusting for inflation.
Not an excuse, just a fact.Well oldag I am adjusting for retirement and to hell with inflation and other excuses.
I have fixed like many on this board but even if we didn’t I think the State is stepping in. This didn’t go unnoticed and I doubt the consumers will be on the hook for the full amount. They’ll get “bailed out.”This may be covered in another post but for people that have signed up for fixed rate electricity they may be saving some huge bills. Those that have variable rate plans may be in for severe sticker shock. I have Direct Energy, just signed onto my internet site at Direct Energy and for 1/15-2/16/2021 my bill is lower than the previous month and my predicted bill for next moth is even lower. If you have an auto pay option on your credit card your next bill may exceed your credit card balance if you do not have a fixed rate plan. Check it and hopefully you are not going to get sticker shock.
There is a reconciliation rate, if that's the proper term, that's is applied to bills to spread the pain over all customers over a longer period. For co ops anyways. If I understand what I read correctly. You already pay it to begin with so it won't be a big deal.I have fixed like many on this board but even if we didn’t I think the State is stepping in. This didn’t go unnoticed and I doubt the consumers will be on the hook for the full amount. They’ll get “bailed out.”
I look at it he same way. Those on variable gambled. In the good times, they saved money, but now the tide turned and they're on the hook for it. I sure hope the taxpayers don't have to bail them out for their gambling habit.A variable electric rate is a gamble. I feel sorry for those that get burned the way I fell sorry for someone that loses a big bet at the tables in Vegas.
That's true and needs to be explored. I hear Griddy? is one of the providers that told customers to please leave them and switch to another provider. Only problem these customers faced was the time it takes to switch providers ( 7-10 days) and that they gambled with their electricity rate. I could not do that to my family.It’s a gamble for sure. But not sure if it’s reasonable to expect electric rates to hit $9k/MW without warning.
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It’s a gamble for sure. But not sure if it’s reasonable to expect electric rates to hit $9k/MW without warning.
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I look at it he same way. Those on variable gambled. In the good times, they saved money, but now the tide turned and they're on the hook for it. I sure hope the taxpayers don't have to bail them out for their gambling habit.
They stretch that out so you arent screwed all at once.I confirmed that my Co-Op is a fixed rate, but has a fuel price multiplier (pcrf). So it appears I have a fixed rate, technically, but am tied to market whims, regardless.
In my case, the PCRF multiplier looks at the highest cost found in a billing cycle and applies it to the whole cycle. So when I used 150kW on the 15th and 16th (the highest wholesale cost days, I assume) and the rest of the month I averaged ~50kW or less, the PCRF from the 15th and 16th will be applied for the whole month, not just the crazy days.
I can deal with paying for massive wholesale price increases due to supply and demand on the days when those prices skyrocket. I get it. But it seems a bit unfair when I have to pay the inflated price for days when the wholesale price are "normal".