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imdoingmyroutine t1_j0nd84t wrote

Reply to comment by hdiggyh in Boston Area Electric bills - what's yours? by mrjojo-san

How is that possible?

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PMSfishy t1_j0nfgp0 wrote

Publicly traded utilities.

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imdoingmyroutine t1_j0ng8e6 wrote

Yea I just realized I am on the Boston city electric plan so my rates have basically been the same for the last few years. I didn't realize people were actually seeing their bill go up more than 100% that's nuts.

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modernhomeowner t1_j0nun41 wrote

I have National Grid in Massachusetts, I had National Grid when I lived in New York. National Grid in New York right now is about 17¢ (just looked at a family members bill today), when it is 48¢ in Massachusetts. It has nothing to do with being a publicly traded company and everything to do with the laws in Massachusetts that make it more expensive for consumers.

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PMSfishy t1_j0nvii0 wrote

You are pulling numbers out your ass if you think 48c is the actual price. It also has everything to do with being publicly traded, must return profits to shareholders at any and all cost. It’s fucking criminal what they do.

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modernhomeowner t1_j0nwb0l wrote

It's 48¢. You can look on their website. 11.04¢ for delivery, 2.7¢ for MassSave 33.821¢ for supply. Comes to 47.6¢. It was to be 48.2¢ but they lowered delivery about a half a cent. Again, how can National Grid offer electricity for 17¢ in NY and 48¢ here? It's local politics, nothing to do with profit. Their profit is capped by the state. They have to do everything they are told by the state.

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mgzukowski t1_j0qdapp wrote

This is Massachusetts, they are highly regulated and the profit margin is set by the state.

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