oceansofmyancestors OP t1_ivftt4n wrote on November 7, 2022 at 5:42 PM

Reply to comment by modernhomeowner in Why is National Grid increasing rates by 64% by oceansofmyancestors

I found it in a Globe article from today, and it looks like they quoted it from American Public Power Assoc.

Still, your figures or mine, neither is close to 64%. I understand the need to raise the price. Its the amount of the increase that I have a problem with.

modernhomeowner t1_ivfvffv wrote on November 7, 2022 at 5:52 PM

Well, to be honest the 64% is also wrong. The supply increase is 195% and the total cost is 87%. I think one person in the media didn't have a calculator and the rest followed along. If you look at the monthly rate, most of us pay a seasonal average, but the monthly power rate, increases from November to January by 12¢, which is 100% increase over the summer rates on its own, just the additional increase from November to January, so I'm thinking they are really prepping for much higher natural gas supply rates later in the winter.