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jjayzx t1_jccb0xz wrote

Reply to comment by GotenRocko in Another Natural Gas Price Hike Despite Falling Gas Prices by DotDotCode

The current minimum is as high as the previous maximums. Essentially telling us to get fucked.

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godmode33 t1_jcf3agh wrote

What choice is there? When you have no where else to go you will do what they want.

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degggendorf t1_jcf85d7 wrote

Electric supply is deregulated in our state, you are free to choose a different supplier.

RIE has a monopoly on distribution, which is why any distribution charges they charge have a capped ROI (essentially, profit) percentage, approved by the PUC. Whether they are taking a fair ROI is a matter of opinion, but I personally see any external profitability as unreasonable; it's a universal need, it should be run by the municipality and not turn a profit, just like our water, sewer, road, etc. systems. That said, if we're stuck with a commercial model, them taking (IIRC) 5% profit seems at least less bad than it could be.

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