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The Poop: Electric Rates

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December 09, 2008 – Comments (1) | RELATED TICKERS: EPG

In a bid to promote home based solar on Long Island, the Long Island Power Authority (LIPA) has presented a proposal to increase electric rates on Long Island, which are already some of the Nations highest, by 17% over the next four years. LIPA justifies this rate increase due to the expense of meeting increased consumer demand for electricity, despite the recent usage decline and the coming depression. Shares of EPG, converters of BS into saleable products, floated higher on the news as the increased demand for renewable gas produced electricity should help to reduce the oversupply of BS currently clogging the markets. The concern that higher electric rates would increase demand for solar generation and reduce the need for BS was pooh-poohed by experts. One expert was quoted as saying" Solar is years away from profitability, BS is here now and it is likely to be here for a long time to come". The animal rights group, Cows Really Are People (CRAP) issued a statement expressing their opinion that is well about time that Cows are recognized for their valuable contributions right alongside people as productive members of society. The anti Government group, Fair And Responsible Taxation (FART) was concerned that tax policy had contributed unfairly to the success of BS sourced Renewable Natural Gas (RNGtm). A representative of FART issued this explanation: "Free markets are like a car, no good ever comes of steering it".

1 Comments – Post Your Own

#1) On December 10, 2008 at 12:05 AM, MikeMark (29.57) wrote:

When rates are artifically raised, usage will decrease. Producers will produce less. The abundance will disappear. There will eventually be a shortage of electricity. That might seem odd, but think about it. With higher rates, you'll reduce your usage. The rest follows.

It's better if the free market sets the rates.

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