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Potential Skyrocketing Electricity Rates
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T O P I C
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Discussion Started: 08-02-2006, 3:56 PM
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A major law passed by state lawmakers 10 years ago temporarily capped electric rates. But those caps are about to come off. At the end of 2009 and 2010, rates for PPL and Met-Ed will be set by the open energy market. Some are projecting rate hikes of 60 to 80 percent. What do you think of this?
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View Messages: [newest first] | [oldest first]
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naascaar
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08-02-2006, 5:55 PM
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What timing with WGAL report yesterday and today re: possible 70% increases for PPL electric bills in the 2yr.ish near future. My recent PPL electric bill came in the mail last week and the usual 'Connect' (a one page informational page) is headlined with:
'Planning for the Future' 'Completing the transition to a competitive marketplace'
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shyguy78
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08-02-2006, 9:02 PM
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The state should step in and reregulate power companies. If not I'm really going to look into Solar Power.
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vcollins
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08-02-2006, 11:57 PM
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I think if the caps are to be lifted, there should be limits to the amount that these companies are allowed to increase the rates. If you look at the companies, they have all done rather well in the past 10 years even though these caps were imposed. No one wants to see these companies raise their rates, but that is a fact of life. Those who are in a position to limit the amount that these companies can raise their rates should do something to insure those raises are fair to both the company & the consumer!
Thanks, Mr. Collins
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Suzie4
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08-03-2006, 1:06 AM
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Concerning the Increase in Electricity Rates: I don't know how the average person will be able to afford to live. It is hard now to pay a $100. a mo. electric bill. How will they pay 70% more? Not only that, then some Landlords will raise the Rent,where utilities are included. It's very sad. Most people think of the United States of America as being a "Safe" place to live. But I guess we're about to find out what it's like to live in a "Savage Society",because "Crime and Violence" will rise "quickly" when people can't afford a place to raise their children or the food to feed them. High Utilities is all about Greed.
Concerned Citizen
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doggoneit
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08-03-2006, 7:00 AM
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I think the people we elect and send to Harrisburg should do something now to stop this! I understand that the utility companies are in business to make money but how much do they need. What happens to people who can't or are having a rough time paying their bills now?? The next thing you know, milk will be $5.00 a gallon. Enough is enough!!
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susan3395
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08-03-2006, 8:36 AM
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OK so maybe my family won't starve if the 70% increase happens, HOWEVER we won't have that money to spend on vacation, clothes and other retail items. That spending is what drives the economy...so then what happens??? As it is now, our pay raises don't meet the cost of living increases each year. ENOUGH IS ENOUGH.
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haehnle
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08-03-2006, 8:45 AM
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No one likes it when rates or prices go up -- particularly when they rise by whatever is perceived to be a large amount. However, it is a fact of life that in an inflation-ruled economy, prices will rise (unfortunately with wages lagging the rise in prices). Whenever there is an artificial cap in that rise or on the rate of the rise, whnever the cap is lifted prices will rise by a larger amount then normal in anticipation of future inflation. Energy prices at the present time are being raised at a higher rate than inflation and are fueling inflation. So are the costs of medical care.
Hugz, Bobby
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cariola
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08-03-2006, 9:11 AM
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Why are the electric companies depending on natural gas and coal to produce electricity? Why aren't they using water and nuclear power, which are renewable resources?
I will probably be able to shift my expenses around so that I can afford to pay. But what will happen to the thousands of families who cannot do that? Already the electric companies ask for donation to help the poor--but I don't see how we can afford twice as much when our own bills are going up 70%.
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cabingirl
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08-03-2006, 11:19 AM
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I am disturbed by the fact that there has been more crime than usual due to gas prices,now we have to worry about electric bills skyrocketing, I guess the state better get ready for the lines at all the Public Assistance offices, because there will be no money for food,gas,fuel oil to heat, This is what it will come to....... the middle class will no longer be. It will be the wealthy or the poor.
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dbkachel
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08-03-2006, 12:42 PM
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If the utilities can make money at the current rates why do they have to raise prices 70%? I can understand small increases each year but 70% is a little ridiculous. I would think if our State government can get us into this mess they could get us out of it.
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