Welcome to The Hill’s Energy & Environment newsletter{beacon} Energy & Environment Energy & Environment The Big Story Energy Department pushes to slash home energ…
he Biden administration announced new goals on Thursday aiming at cutting utility bills by 20 percent this decade.
Yeah you know what the best part was? Two utility companies had merged into this shitbeast a couple of years before this and for their merger to be approved they agreed to something like a 4 year moratorium on rate increases. However, the governing body which was overseeing this merger let them slip language in that they could charge additional amounts for estimated energy cost increases. Therefore this almost 100% increase was completely lumped into ‘estimated energy cost increases’ when in fact they paid something like 8% higher rates for their energy/fuel over that period.
Holy fuck that’s bad. That’s almost a 100% increase YoY.
Yeah you know what the best part was? Two utility companies had merged into this shitbeast a couple of years before this and for their merger to be approved they agreed to something like a 4 year moratorium on rate increases. However, the governing body which was overseeing this merger let them slip language in that they could charge additional amounts for estimated energy cost increases. Therefore this almost 100% increase was completely lumped into ‘estimated energy cost increases’ when in fact they paid something like 8% higher rates for their energy/fuel over that period.