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eddie964 t1_ixf5li0 wrote

Reply to comment by dicksmcgee420 in Eversource Energy Revenue 2010-2022 | ES by issuesintherapy

There isn't. There are plenty of reasons to be mad at Eversource. This is not one of them.

They are basically bill collectors for power generating companies when it comes to the supply rate. They procure power from third parties for customers, and charge customers what they pay, with no markup (as they are required to do by law)

Every penny of the supply rate goes to generation companies like PSEG and Emera. Those are the companies making money off of the supply rate increase, not Eversource and UI. It is disgusting that they are not catching the blame for it.

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dicksmcgee420 t1_ixf5xp9 wrote

I’m thinking eversource is doing just fine.

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eddie964 t1_ixf6eon wrote

They are doing just fine. Like I said, there are plenty of reasons to be angry at them. This is not one of them. They are literally just doing what the law requires them to do: buy energy at wholesale prices, and sell it to customers at the same price they pay.

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dicksmcgee420 t1_ixf6qdt wrote

I hear you it just irks me that this is the way it is currently

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eddie964 t1_ixf7bqw wrote

Like I said, if you're looking for someone to be mad at about the supply rate hike, I would look at the owners of the gas generation plants, who make a profit off of the high prices.

I would also look at the politicians who helped block gas transmission line expansions, which is one big reason Connecticut's gas prices are higher than other states'.

I would also lay some of the blame at the feet of the last administration, which held up development of offshore wind facilities that would have reduced our reliance on natural gas.

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dicksmcgee420 t1_ixf9m5z wrote

I agree with you on all those points but if it’s ok with you I’m gonna still not like eversource

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eddie964 t1_ixfa2hn wrote

LOL. I don't love 'em, either, as a customer. But I used to work in the business, so I know where the money goes.

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