Are residential utility bills going to go through the roof?

Same article:

This is catastrophic news not only for the continued freeze in nat gas distribution, but for the explosion in electricity prices which could see many customers see a February electricity bill in the thousands, if not tens of thousands. This is what a power trader at a Houston energy company advised us on Friday:

Prices in response to the persistent cold have pushed load expectations to all time winter highs, and on par with the hottest summer days the ISO has experienced. Actual shortages could persist if units aren't weatherized and fail at any point. Monday peak is currently bid 4000, and balweek inclusive of Tuesday through Friday is 1000@2000. Off peak (nights) have traded insane levels as well, with the balance of the month trading 650$. For reference, summer of 2018 never came close to touching these levels. The highest trade on a balday was around 2000$, if i'm not mistaken.

The PUC is meeting today to discuss coordination and potential conservation efforts, but this event will likely crush several firms who are not collateralized enough to weather (no pun intended) the storm IMO. And all those folks on griddy could literally be looking at paying 4$+ per KWh across the state (as opposed to 12 cents or whatever rate you got at your house), pushing power bills to the moon.

here west of Houston, our water well new was 9200 dollars. 180 feet deep. labor and materials.

Global cooling

I'm down to my last cord of free firewood...Electric heat really taxes my solar power so I rely on gas as a supplement...Natural Gas is by far the cleanest and cheapest form of heat...

It'll be 64 F in SF Bay Area today.

Mid February.

Sux to be you in the your hick, inbred areas of the country.

It'll be 64 F in SF Bay Area today.

Mid February.

Sux to be you in the your hick, inbred areas of the country.

Same article:

This is catastrophic news not only for the continued freeze in nat gas distribution, but for the explosion in electricity prices which could see many customers see a February electricity bill in the thousands, if not tens of thousands. This is what a power trader at a Houston energy company advised us on Friday:

Prices in response to the persistent cold have pushed load expectations to all time winter highs, and on par with the hottest summer days the ISO has experienced. Actual shortages could persist if units aren't weatherized and fail at any point. Monday peak is currently bid 4000, and balweek inclusive of Tuesday through Friday is 1000@2000. Off peak (nights) have traded insane levels as well, with the balance of the month trading 650$. For reference, summer of 2018 never came close to touching these levels. The highest trade on a balday was around 2000$, if i'm not mistaken.

The PUC is meeting today to discuss coordination and potential conservation efforts, but this event will likely crush several firms who are not collateralized enough to weather (no pun intended) the storm IMO. And all those folks on griddy could literally be looking at paying 4$+ per KWh across the state (as opposed to 12 cents or whatever rate you got at your house), pushing power bills to the moon.

My water bill is dripping all faucets

Well of course, don't you know this is the celebrated faux capitalist style of Ayn Rand worshipers? Fuck everyone while you have the chance.

If the Ayn Rand nuthuggers ever took a month to just thumb through A Wealth of Nations, they'd see how fucking twisted their ideas of capitalism have become.

A rising pile of shit stinks up the whole barnyard. It's good to fuck everyone over. It's to be celebrated. You're not an alpha male until you can brag that you've date rapped a sorority chick, screwed over your customers or investors, and bragged on a semi-anonymous social media forum that you've retired at forty-five years old on the laurels of your treachery and deceit.

"You just don't understand investing." Says every halfwit, paper asset, skill-less, pseudo millionaire ever.

1 billion people do not have electricity

No kidding. Our water and electric bills have gone up by at least 25%, with no warning or explanation. I expect that things will just get worse.

Mt last gas bill was double the usual...and the weather was mild.

I can't imagine what the next gas bill will look like! It was 22 below zero this morning.

- MC