YayforFriday t1_jdf8xtl wrote
Reply to comment by New_Sun6390 in Who do I call here? by [deleted]
Do you really not think that CMP also benefits from the rate hikes? They collect more supplier fees when the rates go up. They lobby for more rate hikes every year. Their profits are at a record high. This isn't a not for profit electricity company, although one is going to be on the ballot!
intent107135048 t1_jdfbfhm wrote
Can you tell me how CMP gets money from increased supplier fees? Won’t delivery be the same since it’s based on unit?
L0stintheSauce t1_jdfdafk wrote
Good question, anybody know if CMP has had increased profits this year? I assume it should be down since it was a milder winter.
That would be a good argument that CMP isn’t making money off of the increases
intent107135048 t1_jdfduz1 wrote
There are other reasons for increased profits. Lower costs from cuts. Capital investments in previous years paying off. Fewer storms. No pandemic. Increased fuel costs meaning poor people are resorting to electric heat more.
Of all the things to hate CMP for, why focus on blaming them for higher supply fees? The more likely story is that all those suppliers need to recoup their anti-corridor campaign funds and cash in before a huge green investment.
L0stintheSauce t1_jdfen0p wrote
CMP did increase delivery rates on standard offer by 49% in 2023 so that could contribute I would think.
intent107135048 t1_jdfew37 wrote
That they did. Maybe I misread it, but the poster I was responding to said that CMP benefitted from higher supplier rates.
L0stintheSauce t1_jdff84q wrote
Right, sorry if I sounded aggressive! I wasn’t really targeting you, just wanted to add to that thread.
I just feel like a lot of people are saying cmp isn’t making any money and isn’t the problem at all and I just don’t get where that message is coming from.
intent107135048 t1_jdffef3 wrote
No worries. It sucks since I’m no CMP apologist but I certainly feel like one for suggesting they’re not 100% evil.
New_Sun6390 t1_jdfj7a4 wrote
>CMP did increase delivery rates on standard offer by 49% in 2023 so that could contribute I would think.
The delivery rates have not changed in 2023. The supply rates did. Please place the blame where it belongs... with the supplier, not CMP
L0stintheSauce t1_jdfq2yx wrote
Last delivery rate for cmp increased August 2021 (of 11.5%) and they requested a 30% increase last year but were denied. So not for lack of trying.
New_Sun6390 t1_jdfjftq wrote
>Can you tell me how CMP gets money from increased supplier fees? Won’t delivery be the same since it’s based on unit?
CMP does not get a single nickel from higher supplier fees. Not. One. Nickel. Zero. Zilch. Nada.
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