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RipTide275 t1_iz5tlkw wrote

Reply to comment by qrpc in PECO sending emails warning customers their winter energy bills will be significantly higher by kosherdog1027

So why are energy prices going to be 40% or so higher this winter? Can’t wait to hear this twist.

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qrpc t1_iz5wts9 wrote

Supply and demand.

Over production during the fracking boom drove fracked gas prices down.

That drove our electric generation to shift from less than one percent gas to more than 50% gas. In addition, our legislature has passed billions worth of subsidies to companies that buy gas. When demand increases, prices increase.

Short-sighted republicans want us to subsidize more gas production through lax regulation, tax breaks, etc. Aside from the idiocy of subsidizing both the supply and demand side of the same industry, this would just start the boom-and-bust cycle all over again.

Sane people want to invest in alternatives like wind and solar so we are less dependent on dirty fossil fuels in the first place.

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RipTide275 t1_iz5yysz wrote

Natural gas should be cheap and plentiful and also the cleanest of all the fossil fuels. Democratic policies of increasing taxes, increasing regulations(costs to the businesses) and telling the companies they are ending the industry all contribute to higher costs and prices to the consumers. It’s just a fact twist it all you want. Supply and demand, there is a tremendous supply, always has been. Demand, the same people want to be warm this year as when Trump was president. Dem policies drive prices up, deal with it

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Hopeful_Scholar398 t1_iz60tf1 wrote

So we have the choice of not taxes huge profitable industries and having the working class pick up the slack or; companies pay there fair share and rake us over the price because they no longer have to pay taxes? Sounds like the industry can't manage it's lust for profit of a necessary service. Nationalize it.

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qrpc t1_iz6582k wrote

>cleanest of all the fossil fuels.

I guess you think putting a little less sewage in our water just as good as clean water too.

> Democratic policies of increasing taxes,

In case you missed it, the Democrats haven't been in charge of our state legislature since 1993.

>telling the companies they are ending the industry

Funny how more PA coal plants announced their closure during Trump's term than the 8-years Obama was President.

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YamPsychological9471 t1_iz6dmlo wrote

You’re ignoring a global pandemic that impacted supply chains and economies across the world. You’re also ignoring Russia’s shenanigans and it’s impact on oil prices.

Natural gas continues to be extracted at the highest rates in PA. Wolf also just pushed out a tax package to encourage more gas extraction. We don’t even tax the gas companies in PA as far as I know lol.

EDIT: Actually, I forgot about the Act-13 impact fees that unconventional gas wells pay out. So there is that.

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