The good citizens of New York City discover that

| No Comments not all pixie dust and unicorns.  From Zero Hedge:

New Yorkers Lash Out At ConEdison Over Soaring Electricity Bills
Sky-high electric bills on the front page. Europe? The U.K? No, just north of New York City, where local politicians criticized Consolidated Edison of NY, the local electric utility. And further, local business people noted that they had warned of this potential problem a decade ago when the last governor decided to close down the nearby nuclear power plant, Indian Point. Some customers complain that their supply bill (for their electricity usage, not the lines or wires) has tripled in past months. For the typical consumer this is a noticeable increase.

Con Edison—which in the past has taken the stand that it just delivers the electricity (they don’t actually produce it) so go complain somewhere else—announced that it “was reviewing our practices…” and will work out programs to help customers who are struggling to pay these rapidly escalating electricity bills. Meanwhile the staffer of a local member of Congress said, “At the end of the day, it is Con Edison that bills New Yorkers, and, therefore Con Ed that bears direct consumer responsibility for this egregious price hike…” Politicians have focused on how to help consumers pay their bills this winter, both here and in Europe. They don’t focus on the possibility that the existing wholesale electricity market, set up three decades ago to make electricity competitive, may bear responsibility for the mess as well.

And this little bon mot:

Well, in a way, utility deregulation almost always results in the same outcome. Go for the cheapest fuel source and assume nothing will go wrong. And when it does, let the consumers pay. The only thing we find remarkable here is that consumers continue to accept this.

Yep - shut down the cheap oil and nuke plants and go for unreliable wind and solar and watch the rates spike.  The consumers voted for this for themselves.  Let them enjoy it good and hard. WIthout the benefit of any lube.

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This page contains a single entry by DaveH published on March 1, 2022 6:53 PM.

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