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Shockingly High Electricity Prices Coming Soon

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Re: Shockingly High Electricity Prices Coming Soon

Unread postby BigTex » Wed 04 Jun 2008, 22:01:02

This is the kind of thing that solar panels and grid tie-in setup would help with.

Not everywhere, but it would be good in places like California.
:)
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Re: Shockingly High Electricity Prices Coming Soon

Unread postby socrates1fan » Wed 04 Jun 2008, 22:45:40

No government projects or higher wages to help either.
Many middle and upper class families can take these blows to a certian extant but lower class people are the ones who are really suffering from things like this.
its bad and people are already on the edge when it comes to their budget.
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Re: Shockingly High Electricity Prices Coming Soon

Unread postby BigTex » Wed 04 Jun 2008, 22:49:22

$this->bbcode_second_pass_quote('socrates1fan', 'N')o government projects or higher wages to help either.
Many middle and upper class families can take these blows to a certian extant but lower class people are the ones who are really suffering from things like this.
its bad and people are already on the edge when it comes to their budget.


It's no worse than regressive gas taxes have always been--they hit the poorest the hardest.
:)
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Re: Shockingly High Electricity Prices Coming Soon

Unread postby yesplease » Wed 04 Jun 2008, 23:20:33

$this->bbcode_second_pass_quote('Drifter', 'I')t appears that heating, electric, and gasoline prices will be increasing at least 50%-75% per year from now on. This is a big deal.
Based on a one year increase? :lol:
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Re: Shockingly High Electricity Prices Coming Soon

Unread postby kpeavey » Wed 04 Jun 2008, 23:44:27

This will be a hard winter.
Heating a house with oil last winter ran 2.50-2.75/gallon, with more heating assistance needed than could be offerred. Read the other day fuel oil is over the $4 mark. Heating with oil will be unaffordable.

The fast/easy/low cost equipmentwise would be electric heaters to supplement the oil. A 75% rate hike will destroy some household incomes. The difference between oil and electric is that the oil is paid for in advance. I know that in Maine, the utilites can not disconnect you in the winter.

Those without the ability to heat with wood, install a woodstove, or buy firewood due to what I expect to be a sharp increase in demand, will have no alternative but to buy a couple of electric heaters. The bills will be astronomical. Me and 2 other guys heated an apartment with electric in Albany NY in 1991, $225/mo in the winter. It was some time ago. I remember the number specifically, I don't remember if that was just my share of the bill, could have been.

So the people will get crippling electric bills and not pay them. The utilities cut off their power, report to the credit bureau. There is also the potential of winter electric blackouts due to high demand. With oil heat being controlled by electric thermostats, nobody has power, everyone freezes. Do utilities encounter cash flow problems? I think it can easily become an issue. So the utilities buy some legislators, get the laws changed so power can be cut off in the middle of winter due to non-payment

The next fallback is leaving the gas stove on continuously to heat some part of the house. What will this do for the gas stocks and prices?

I think a cold winter will have a grand effect. Those with woodstoves will find many a neighbor knocking on their doors.
I can see a southern migration as a result of an expensive winter. Home values in the north crap out while the south sees a boon.

Once the pasty untanned northerners get hit with their first southern summer, they stay inside with the AC cranked. Then its deja vu all over again, only in reverse.
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Re: Shockingly High Electricity Prices Coming Soon

Unread postby BigTex » Thu 05 Jun 2008, 01:34:45

You could always create a climate controlled "safe room" inside a dwelling. Just super-insulate one room and take the electric radiator or ceramic heater in there and put it on low, just enough to keep the temperature in the room about 55 degrees. Wear your coat and stocking cap in the house at all times. Sleep under 10 blankets.

If things got desperate, you could even retreat to a closet and just heat that space.

Every day would be like an arctic camping trip.
:)
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Re: Shockingly High Electricity Prices Coming Soon

Unread postby yesplease » Thu 05 Jun 2008, 01:49:55

I think that's going a bit overboard, but I suppose it's better to have too much than too little in a situation like that. Down to 35F it's fine w/ a few layers and downright toasty if a blanket is on top.
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Re: Shockingly High Electricity Prices Coming Soon

Unread postby vetusfirma » Thu 05 Jun 2008, 02:45:27

I have lived out side in Alaska in the winter, 50+below. With proper clothing, and a space thats not too drafty, little additional heat is needed, although the pipes might/will freeze. You will need good food to stoke the internal fires, so to speak.
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Re: Shockingly High Electricity Prices Coming Soon

Unread postby Fredrik » Thu 05 Jun 2008, 03:48:31

In a neighborhood struggling with freezing temperatures and sky-high heating bills, some well-insulated houses could function as "inns" where several families spend the night, in sleeping bags on the floor, paying their part of the heating bill and some compensation for the hosts. Still better if those houses are equipped with a woodstove, with a local wood supply.

One way or the other, there must be a community-level solution to get over the huge energy inefficiency of spread-out suburbia. Nation-wide mass migrations would soon overwhelm any viable region.
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Re: Shockingly High Electricity Prices Coming Soon

Unread postby cube » Thu 05 Jun 2008, 05:30:12

$this->bbcode_second_pass_quote('BigTex', 'Y')ou could always create a climate controlled "safe room" inside a dwelling. Just super-insulate one room and take the electric radiator or ceramic heater in there and put it on low, just enough to keep the temperature in the room about 55 degrees. Wear your coat and stocking cap in the house at all times. Sleep under 10 blankets.

If things got desperate, you could even retreat to a closet and just heat that space.

Every day would be like an arctic camping trip.
That sounds like an excellent idea. I think that's going to become standard practice from now on. Why should an entire house get heated? You only need 1 room right?

However I think kpeavey made a good point. If everybody tried to use electric heat that would overload the grid and cause winter blackouts.
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Re: Shockingly High Electricity Prices Coming Soon

Unread postby JJ » Thu 05 Jun 2008, 05:37:19

I think also if you just heat one room you're going to have a house with no water pretty soon.
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Re: Shockingly High Electricity Prices Coming Soon

Unread postby frankthetank » Thu 05 Jun 2008, 08:53:02

JJ...

Probably right. Although if your piping is PEX, i wouldn't worry about it much. The copper in the basement would probably be OK, but anything on the first/second floors would be subject to freezing.

Heat tape? Plumber? PEX?
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Re: Shockingly High Electricity Prices Coming Soon

Unread postby vision-master » Thu 05 Jun 2008, 08:59:46

$this->bbcode_second_pass_quote('BigTex', 'Y')ou could always create a climate controlled "safe room" inside a dwelling. Just super-insulate one room and take the electric radiator or ceramic heater in there and put it on low, just enough to keep the temperature in the room about 55 degrees. Wear your coat and stocking cap in the house at all times. Sleep under 10 blankets.

If things got desperate, you could even retreat to a closet and just heat that space.

Every day would be like an arctic camping trip.


Like my computer room. :razz:
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Re: Shockingly High Electricity Prices Coming Soon

Unread postby Kingcoal » Thu 05 Jun 2008, 09:34:01

The worse things get later this year, the better for Obama. He's the outsider, or at least he's perceived to be, McCain, the "stay the course" candidate.
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Re: Shockingly High Electricity Prices Coming Soon

Unread postby aahala2 » Thu 05 Jun 2008, 10:37:38

$this->bbcode_second_pass_quote('Drifter', '
')
It appears that heating, electric, and gasoline prices will be increasing at least 50%-75% per year from now on. This is a big deal.


If electric prices rise 50%-75% in the next year, it really would
be a big deal. Such a percentage rise is extremely unlikely. Most
of the price you are paying is not for the fuel, but everything
else. Overall US residential rates might rise 15 or 20% by next
year, but much more than that is not reasonable.
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Re: Shockingly High Electricity Prices Coming Soon

Unread postby emersonbiggins » Thu 05 Jun 2008, 10:50:47

I've been offered a 14.1 c/kwh rate for 2 years by my provider, Reliant Energy, which, according to a nice letter that I received, represented a significant projected cost savings for me. Nevermind that I currently pay 12.1 c/kwh with Reliant, but I digress...

I called them and asked why I would sign any contract for MORE money than I'm paying now on month-to-month and the call rep said that prices were going to go up quite a bit over the next few months. Great.
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Re: Shockingly High Electricity Prices Coming Soon

Unread postby WisJim » Thu 05 Jun 2008, 11:05:04

$this->bbcode_second_pass_quote('BigTex', 'T')his is the kind of thing that solar panels and grid tie-in setup would help with.

Not everywhere, but it would be good in places like California.


Even here in Wisconsin, we get 3/4 or more of the energy from the sun that the better parts of California usually get. Our PV system has proven itself over the years, and I am planning to install more PVs as I can afford it. Better than money in the bank (or gold under the bed), in my opinion. I get more and more people stopping me on the street or calling me at home with questions about PV systems, and am surprised at the people that are installing systems at their homes--even taking money out of retirement savings to pay for them. Check it out with a local dealer/installer and see what it would cost. It's not cheap, but PVs have a long life--how long, we don't really know yet--some of mine are over 25 years old and still working fine.

If I install more at my home, I will probably go with a grid tie system so I can sell my surplus, and probably get a check instead of paying a bill. Then, price increases will be a good thing! I know of people who figure that their PV systems will provide them with a good supplement to their retirement income in a few years.
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Re: Shockingly High Electricity Prices Coming Soon

Unread postby cube » Thu 05 Jun 2008, 11:15:11

$this->bbcode_second_pass_quote('emersonbiggins', 'I')'ve been offered a 14.1 c/kwh rate for 2 years by my provider, Reliant Energy, which, according to a nice letter that I received, represented a significant projected cost savings for me. Nevermind that I currently pay 12.1 c/kwh with Reliant, but I digress...

I called them and asked why I would sign any contract for MORE money than I'm paying now on month-to-month and the call rep said that prices were going to go up quite a bit over the next few months. Great.

Sharp Power-Price Rise Hits Texas
$this->bbcode_second_pass_quote('', 'W')holesale power prices in Texas have surged to new heights, confounding market officials and worrying regulators who see early signs that the situation could destabilize the state's deregulated electricity markets.

The spikes in wholesale power prices -- ominous and so far unexplained -- could take a big toll on both power providers and electricity customers if they persist.

"Unexplained" huh? That's a very convenient explanation if you ask me. :wink:
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