"Power Bills To The Moon": Chaos, Shock As Electricity Prices Across US Explode - GoHaynesvilleShale.com2024-03-28T14:44:28Zhttps://gohaynesvilleshale.com/forum/topics/power-bills-to-the-moon-chaos-shock-as-electricity-prices-across?commentId=2117179%3AComment%3A3972981&feed=yes&xn_auth=noRepublicans aren't the only o…tag:gohaynesvilleshale.com,2021-02-19:2117179:Comment:39741502021-02-19T14:23:03.676ZMaxhttps://gohaynesvilleshale.com/profile/Max
<p><em>Republicans aren't the only ones to blame </em></p>
<p>Ok, who do you want to add to the blame list? Obama? Clinton? AOC? </p>
<p>The state of Texas has been governed by Republicans for almost 30 years. Any thing that goes wrong is on their shoulders. That's how it works. Ask Ted Cruz. </p>
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<p><em>Republicans aren't the only ones to blame </em></p>
<p>Ok, who do you want to add to the blame list? Obama? Clinton? AOC? </p>
<p>The state of Texas has been governed by Republicans for almost 30 years. Any thing that goes wrong is on their shoulders. That's how it works. Ask Ted Cruz. </p>
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<p></p> We have known about this prob…tag:gohaynesvilleshale.com,2021-02-17:2117179:Comment:39733622021-02-17T23:04:00.462Zfull namehttps://gohaynesvilleshale.com/profile/fullname
<p>We have known about this problem since the 2011 freeze. While this was a big freeze, there have been several that were longer duration and lower temperature. The issue is, if the state mandates changes the cost of power goes up the customers get mad and the politicians are not re-elected. The federal government subsidizes wind and solar. When the government picks winners the market does not allocate capital efficiently.</p>
<p>On another note this is not just a power problem. I have not…</p>
<p>We have known about this problem since the 2011 freeze. While this was a big freeze, there have been several that were longer duration and lower temperature. The issue is, if the state mandates changes the cost of power goes up the customers get mad and the politicians are not re-elected. The federal government subsidizes wind and solar. When the government picks winners the market does not allocate capital efficiently.</p>
<p>On another note this is not just a power problem. I have not had water for two days -- water plant froze. The city of Austin will wait for the roads to thaw naturally since they do not have any equipment for snow/ice removal.</p>
<p></p> Electric providers will pass…tag:gohaynesvilleshale.com,2021-02-17:2117179:Comment:39729552021-02-17T22:34:40.699ZSkip Peel - Mineral Consultanthttps://gohaynesvilleshale.com/profile/ilandman
<p>Electric providers will pass along the spot price to their customers. I read an article where one provider said they would cut off electricity to their customers when the spot price hit $600/mcf. I don't know if that has happened or which is worse, losing power or keeping it and getting a big bill. Hopefully most providers will not have to hit the spot market for additional supply until later in the month when spot prices have come down.</p>
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<p>Electric providers will pass along the spot price to their customers. I read an article where one provider said they would cut off electricity to their customers when the spot price hit $600/mcf. I don't know if that has happened or which is worse, losing power or keeping it and getting a big bill. Hopefully most providers will not have to hit the spot market for additional supply until later in the month when spot prices have come down.</p>
<p></p> The challenge isn't 2020, it…tag:gohaynesvilleshale.com,2021-02-17:2117179:Comment:39730962021-02-17T22:30:39.462ZSkip Peel - Mineral Consultanthttps://gohaynesvilleshale.com/profile/ilandman
<p>The challenge isn't 2020, it is what is headed our way in the future. The money required to fix the Texas electric provider network will come from rate payers. All those years of cheap electricity will now become years of higher costs to consumers and business to ensure that the grid is prepared for the greater weather challenges to come.</p>
<p>JHH, it is certainly fine to disagree with Democrats on some policy issues while agreeing with them on others. I'm a registered Independent and I…</p>
<p>The challenge isn't 2020, it is what is headed our way in the future. The money required to fix the Texas electric provider network will come from rate payers. All those years of cheap electricity will now become years of higher costs to consumers and business to ensure that the grid is prepared for the greater weather challenges to come.</p>
<p>JHH, it is certainly fine to disagree with Democrats on some policy issues while agreeing with them on others. I'm a registered Independent and I don't agree on a national $15/HR minimum wage nor do I agree with forgiving $50K of student load indebtedness for everyone. I do think both issues should be addressed but this is similar to the debate over who should get a $1400 check in the Covid Relief legislation. I am not a rich man and would like to have the $1400 but if politicians are doing the job we elected them to do, they will spend something less and limit it to our fellow citizens that need it the most. Not just low income as defined by income tax filings but those who are out of work especially the long term unemployed. Don't throw money at everything and everyone, target it to those in greatest need.</p>
<p></p> very good, thanks. who pays…tag:gohaynesvilleshale.com,2021-02-17:2117179:Comment:39730522021-02-17T22:25:26.736ZJHHhttps://gohaynesvilleshale.com/profile/JackHodges
<p>very good, thanks. who pays for the huge spot market price? The spectators or consumers?</p>
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<p>very good, thanks. who pays for the huge spot market price? The spectators or consumers?</p>
<p></p> Texas has the money... we hav…tag:gohaynesvilleshale.com,2021-02-17:2117179:Comment:39730502021-02-17T22:21:37.205ZJHHhttps://gohaynesvilleshale.com/profile/JackHodges
<p>Texas has the money... we have the will to fix this. I just hope we do it!</p>
<p>And yes, this is a wake-up call. And I thought 2020 was behind us.</p>
<p>Texas has the money... we have the will to fix this. I just hope we do it!</p>
<p>And yes, this is a wake-up call. And I thought 2020 was behind us.</p> The Democrats' voice was the…tag:gohaynesvilleshale.com,2021-02-17:2117179:Comment:39731672021-02-17T22:12:44.436ZSkip Peel - Mineral Consultanthttps://gohaynesvilleshale.com/profile/ilandman
<p>The Democrats' voice was the one warning of unpredictable changes in weather patterns in addition to the long term ravages of climate warming. That voice is not much heard in Texas as least as far as elected officials at the state and federal level go. The state can continue to diversify the electric generation mix, all forms simply need to be hardened against the more extreme cold snaps and heat waves that are in our future. In this case, the future is now. It's a wake up call. What…</p>
<p>The Democrats' voice was the one warning of unpredictable changes in weather patterns in addition to the long term ravages of climate warming. That voice is not much heard in Texas as least as far as elected officials at the state and federal level go. The state can continue to diversify the electric generation mix, all forms simply need to be hardened against the more extreme cold snaps and heat waves that are in our future. In this case, the future is now. It's a wake up call. What comes next could very well be as bad, if not worse.</p>
<p></p> Interesting article. It warme…tag:gohaynesvilleshale.com,2021-02-17:2117179:Comment:39728572021-02-17T21:33:40.522ZJHHhttps://gohaynesvilleshale.com/profile/JackHodges
<p>Interesting article. It warmed me up enough to heat my cold house. I don't agree with all he says but I'm not going to a lot of places he went or go political. It seems Texas acted responsibly (sort of) by at least providing a good mix of options for electrical needs. Coal, oil, natural gas (very clean-for for the environment) solar, wind and thermal. The writer left out thermal. I had no idea 20% or so of electricity came from wind turbines. Grateful it wasn't 50% like some wanted.…</p>
<p>Interesting article. It warmed me up enough to heat my cold house. I don't agree with all he says but I'm not going to a lot of places he went or go political. It seems Texas acted responsibly (sort of) by at least providing a good mix of options for electrical needs. Coal, oil, natural gas (very clean-for for the environment) solar, wind and thermal. The writer left out thermal. I had no idea 20% or so of electricity came from wind turbines. Grateful it wasn't 50% like some wanted. Texas just never planned for the "cold day in hell" to ever happen. And who knew... heat our wind turbines? Maybe up north, but not here? At least heaters would solve the frozen wind turbines. We talk about massive EMP attacks on our grid but do nothing about it. I don't think there's a plan for the next catastrophe we can't predict. We try our best... suffer and recover and blame and spend more money and it all goes to hell again. Republicans aren't the only ones to blame as the writer says... Democrats have a voice too and use it often. Where was it before the Polar Vortex came to visit and stayed too long? Sorry to vent. </p> Most natural gas supply contr…tag:gohaynesvilleshale.com,2021-02-17:2117179:Comment:39730832021-02-17T21:28:03.084ZSkip Peel - Mineral Consultanthttps://gohaynesvilleshale.com/profile/ilandman
<p>Most natural gas supply contracts are based on the Monthly Settlement Price. This price is posted in the last few days of the month as a basis for contracts in the following month. The vast majority of natural gas is sold this way. The Spot Price is the price that an end user must pay for gas not covered by a monthly, or longer term, contract when they run out of gas before the contract expiration date. The Futures Price is published for trading purposes. It is a means of betting on the…</p>
<p>Most natural gas supply contracts are based on the Monthly Settlement Price. This price is posted in the last few days of the month as a basis for contracts in the following month. The vast majority of natural gas is sold this way. The Spot Price is the price that an end user must pay for gas not covered by a monthly, or longer term, contract when they run out of gas before the contract expiration date. The Futures Price is published for trading purposes. It is a means of betting on the price of natural gas at some point in the future. When you look at futures prices, they are monthly going years out into the future. They represent a prediction of the price in some future month. Traders hope to get a contract for a current price lower than the future price when they hope to sell the contract for a profit. Most traders are basically speculators trying to make a buck and do not take physical delivery of gas. If they make a bad bet, they will pay someone to take the contract off their hands before the delivery date.</p>
<p></p> Someone here please explain.…tag:gohaynesvilleshale.com,2021-02-17:2117179:Comment:39729442021-02-17T21:13:35.517ZJHHhttps://gohaynesvilleshale.com/profile/JackHodges
<p>Someone here please explain. I look at the Henry Hub price for natural gas and it shows one figure. I look at the daily price for nat. gas... I guess march contracts... and it says another thing... and then I see a spot price at almost a thousand dollars... sometimes thousands. What is the difference? I think I've asked a bunch of questions... but I have one more. What does all of this mean for a monthly bill for the average homeowner who has a mix of natural gas and electrical.</p>
<p>Someone here please explain. I look at the Henry Hub price for natural gas and it shows one figure. I look at the daily price for nat. gas... I guess march contracts... and it says another thing... and then I see a spot price at almost a thousand dollars... sometimes thousands. What is the difference? I think I've asked a bunch of questions... but I have one more. What does all of this mean for a monthly bill for the average homeowner who has a mix of natural gas and electrical.</p>