Posted on 07/13/2008 1:50:14 PM PDT by NRG1973
The high cost of fuel isn't just hitting people at the pump. Electric bills have also been climbing this summer because of the rising cost of oil and natural gas.
Rates have been going up across the country, but things have been especially harsh in New York, where power stations are more likely to burn gas or oil than cheap coal.
Those extra costs are getting passed to customers.
Consolidated Edison said its typical residential customer in New York City will get a bill of around $93 this July, compared to $80 in May. That's an increase of around 16 percent.
Things are only expected to get worse as the summer goes on. Natural gas prices are about double what they were a year ago. Oil prices spiked to a new record Friday.
Con Ed estimates that by the end of September, the typical residential bill for the hot summer months will have averaged around $105 per month, or about 22 percent more than the same period last year.
Businesses may take the worst hit. Con Ed expects the typical New York City business will have a monthly bill of around $2,307 this summer, about 25 percent higher than last year.
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"It's a dilemma that New York has, because we so much rely on oil and natural gas for electricity," said NYISO spokesman Ken Klapp.
Nationally, coal provides the fuel for about half of all power generation, but in New York it only accounts for 14 percent of the total.
The largest share of New York's power, 39 percent, comes from plants that burn either oil or natural gas. Nuclear plants provide 28 percent and hydroelectric plants 17 percent.
(Excerpt) Read more at money.cnn.com ...
That’s ok. They vote for democrats who continue to obstruct any drilling in the US so they are reaping what they sow so I’m sure they are pleased with any increases in energy prices. It appears thats what they crave.
Liberals should be rationed fuel.
PLEASE PLEASE PLEASE
I would like to request everyone to join in and contact their congressman on Tuesday July 15th
Personally I dont know how much more we can take (just filled my car $54.00 and up .20 since yesterday)
Gov Palin is begging us to drill in anwar and congress is still blaming the oil companies.
Please contact your congressman on Tuesday July 15th
Let them know how you feel
DRILL HERE DRILL NOW!!!
Tell your friends, family, neighbors and coworkers
DRILL HERE DRILL NOW and USE THAT ENERGY TO BUILD NUKE PLANTS!!!
The natural gas and electric rates in Virginia have been approved to increase 35% and 18% respectively. Although the commonwealth is starting to move to the lib side, I don’t think we deserve that large a price jump. You oughta see the huge mountains of cheap coal being shipped out of the Hampton Roads ports.
$93 and $105 for an electric bill? You have got to be kidding me! What are these one bedroom apts?
NY is also closing it’s only nuclear power plant just outside of NYC. They did not allow an LNG terminal ten miles off Long Island. Scrapped plans for a new nuclear power plant in Brooklyn.
When that city goes dark (and it will since nothing was ever done after that massive blackout in ‘03) THEN the liberal crybabies will get it. Trouble is, they’ll be taking the rest of us down with them.
If you oppose drilling at ANWR, don’t whine about high fuel prices because you have no one to blame but yourself.
The idiots here put a padlock on the front door of the shoreham nuke plant when it was completed, want Indian Point closed, don't want any plants build to replace it, don't want any power lines from Canada, don't want any nat. gas lines put in, don't want a nat. gas terminal out in the ocean.
In a nutshell, they want nothing that transports, generates electricity. Then they cry when rates go up, businesses leave and taxes go up. We are heading for the day when there simply will be no more time to play around with this idiocy. The slow motion suicide has begun.
Happy to live in a state with mucho hydro, coal and significant nuclear generated power.
Here in lower flyover country (Houston, Texas) My last bill was North of $300.00. It came down after I pot new siding, windows and doors. Used to be high.
“You oughta see the huge mountains of cheap coal being shipped out of the Hampton Roads ports.”
And where is that coal going?
I live in the very blue neighboring state of New Jersey, and 53% of my electricity (per PSE&G) is from nuclear power.
Giuliani should have ran for Governor and he would have fought the greenies on this.
“I live in the very blue neighboring state of New Jersey, and 53% of my electricity (per PSE&G) is from nuclear power.”
Do you consider your power bills reasonable? I ask because, even though there are many advantages to nuclear, there have been enormous cost overruns in the construction of some nuclear plants. In the 1980s, and maybe since, in several states the overruns were so huge the state public service commissions tried to disallow significant portions of the cost from being used to set electricity rates to consumers.
Not sure what’s happened the past decade or so, but construction cost overruns were a big problem for several major plants.
I pay less, in inflation adjusted terms, for my electricity here in NJ than I did when I was living in Florida in the early part of this decade. Odd, as SoFla does have Turkey Point.
I agree that an energy meltdown is coming. The meltdown may be regional but I think there is a good chance that it will spread across many parts of the country. I am not sure that the meltdown can be stopped even with a conservative Congress and Administration. The obstructionist forces are extremely powerful. These forces do not need friendly legislators (although there will always be plenty of friendly legislators).
If the rats are in charge, they will panic when the meltdown bites hard. In response, the rats will push energy entitlements, price controls, punishing taxes, and energy rationing. None of these actions will produce any additional power. These actions seem likely to reduce the supply of power. The rats will even continue to blame Bush.
Perhaps I am too pessimistic. I understand there are applications for many new nuclear and coal plants. However, I do not think many of these plants will be built, at least not in the near future. The forces of obstruction have some powerful tools especially the coming CO2 restrictions.
We've still got Nine Mile Point and Fitzpatrick. They're a little ways from NYC, however.
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