Advanced-Guard-4468 t1_iusp3hy wrote
Reply to comment by JAK3CAL in FYI: PPL is Increasing their Electricity Rates by 18% to 14.612 cents/kWh on December 1st. This is up 53.78% YOY. by giggles-mcgee
Imagine how high it would be without it. People in the UK are paying 2k a month for electricity.
Atrocious_1 t1_iutv07y wrote
Fracking hasn't even been breaking even. It's the dumbest solution possible unless you're a landowner leasing mineral rights
Advanced-Guard-4468 t1_iutvcoz wrote
There is a glut of natural gas right now. The prices in this country in some areas is falling so fast because of it. You're right, fracking has zero effect /s
JAK3CAL t1_iuu2mk9 wrote
Advanced-Guard-4468 t1_iuu4htp wrote
Houston area thanks to all the fracking in Oklahoma.
Advanced-Guard-4468 t1_iuuf0hm wrote
Propane? Really. That's not natural gas.
JAK3CAL t1_iuufhfw wrote
Fuck long day of work lol, you are correct but yet…
Advanced-Guard-4468 t1_iuufnbj wrote
Sorry for the paywall but you get all you need to know from the 1st paragraph.
We have so much under our feet that the price could be zero except they need to make some money to pay off the loans they take out for the initial drilling costs.
JAK3CAL t1_iuuit0y wrote
Let’s see if it hits industrial prices then because the US EIA is pricing it pretty high right now
Advanced-Guard-4468 t1_iuujc9p wrote
Lots of residential pricing is locked in like PA has. So the price fluctuations on supply side doesnt matter, reflect in the price.
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