For most of you (who make me sick with your low electric rates) it probably doesn't make any difference, and I'm really tired of people assuming electric rates are low (not where I am), but could the crash in oil prices possibly lower electric rates?
Forgive my ignorance of how electric companies generate their power to supply to us, but here on Long Island, where I am paying over 19.5 cents per kWh, which is almost double and in some case tenfold times what others are paying and for some reason assume everyone else is paying too, I don't know if oil is a factor at all. I "think" when oil skyrocketed years ago, our electric rates went considerably higher. Any chance low oil prices trickle down to lower electric rates, either for the rate or delivery charge or whatever voodoo math they use to set price per kWh?
Forgive my ignorance of how electric companies generate their power to supply to us, but here on Long Island, where I am paying over 19.5 cents per kWh, which is almost double and in some case tenfold times what others are paying and for some reason assume everyone else is paying too, I don't know if oil is a factor at all. I "think" when oil skyrocketed years ago, our electric rates went considerably higher. Any chance low oil prices trickle down to lower electric rates, either for the rate or delivery charge or whatever voodoo math they use to set price per kWh?