Natural gas and electricity prices?

[tvguy]

We should learn from Germany who tried to bow to the climate change crowd and look at the mess they are in. They are thinking about opening up coal plants (dirtiest form of energy) again since their energy crisis is at a breaking point now
https://quillette.com/2022/07/14/germanys-energy-catastrophe/amp/

Or California. Our last nuclear power plant, the Diablo Canyon Nuclear Power Plant was set to close in 2025. Now they are pushing that back 5 years because they don't have sources to replace the power it produces. I can't dispute concerns about the safety of nuclear power. I think a lot of folks however didn't realize that they produce obscene amounts of inexpensive electricity.

 

[adkkev]

Pretty simple answer - powers in charge now have cut production in the US

Yes, the companies that control production have not kept up with demand, especially after shutting down or reducing production at some places around the country. Yup, COMPANIES control production. Unless you think that those industries have been nationalized.

 

[RamblingMad]

We should learn from Germany who tried to bow to the climate change crowd and look at the mess they are in. They are thinking about opening up coal plants (dirtiest form of energy) again since their energy crisis is at a breaking point now
https://quillette.com/2022/07/14/germanys-energy-catastrophe/amp/

It's a catch 22. If you destroy the environment, the heat will get you in the summer. If you don't destroy the environment, the winter will get you. Either way you're in trouble.

 

[RamblingMad]

Yes, the companies that control production have not kept up with demand, especially after shutting down or reducing production at some places around the country. Yup, COMPANIES control production. Unless you think that those industries have been nationalized.

Isn't capitalism great?

 

[tvguy]

We already have high inflation. The last thing anyone wants is even higher utility bills.

Agreed. But they are kind of joined at the hip.

 

[MICKIMINI]

A rural house having access to natural gas isn’t really the problem. A lot of New England’s electricity is made from natural gas. There aren’t enough pipelines carrying natural gas to New England (because pipelines are bad). So electric companies rely on LNG. Pipeline gas is not LNG (both natural gas, yes, but not in the same form). LNG arrives by ship.

Electric producers must then pay global prices for LNG, in turn having to bump up their product price (electricity) to cover the cost.

Which is why our electric rates went up 112% in August!