Electric rates to skyrocket

[Brian_68]

All of us local reef keepers are going to be affected very soon with skyrocketing electric costs unfortunately.

Pennsylvania electric generation costs increasing up to 45% on June 1

Pennsylvania regulators are warning consumers that most utilities will be increasing their prices for electric generation on June 1. Energy supply costs will increase between 6% and 45% across the state for consumers who aren’t under contract with a supplier, according to the state’s Public...

triblive.com

 

[JaimeAdams]

Great, just what we need more expenses. If my 50% increase in groceries and 30% increase in gas wasn't bad enough now a 45% increase in running my tanks.

 

[62518161]

 

[Brian_68]

It seems natural gas suppliers do not want to tap the wells that are already drilled in the US, and instead are enjoying the jump in natural gas prices from $2 per MCF to $7 per MCF today. I guess why increase supply and risk a price drop when you can charge triple from a couple years ago. Record profits at everyone's expense.

 

[Eggs]

Same warning in Ohio

 

[sprungson]

My fish tank cost $100 a month. So ridiculous. With AC and my electric car, my June bill is almost $600