REPOST: Re: Consumers: This greed may spread across the USA

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Article #8679

#8679

From: don Don Klipstein reposted becau...
Date: Wed, 04 Apr 2001 04:14

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In article <tcbic3lvvruu29@corp.supernews.com>, JW wrote:
>> 
>> When will this insanity stop? Does raising rates really
>> discourage use and encourage people to conserve? Is this a sham?
>
>Only if it is a large rise. But don't forget with deregulation come the
>speculative markets and you can now buy 20 year, and problably further
>into the future, electricty futures. In other words the electric
>companies have already bought the electricity.

  Nobody has bought the output of plants not yet committing to sell their
output to specific customers.  Let those wanting to do so build additional
power plants and then those who bought "long" futures contracts will lose
money selling electricity at the then-current market rate while they are
under contract to buy it at the contract rate!

  The other kind of futures contract is "short" - but that one profits
those who bet that rates will drop.  So I assume the complaint is about
the "long" kind.

 - Don Klipstein (don@misty.com)

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From: don@manx.misty.com (Don Klipstein) [reposted because of rogue cancel]
Subject: REPOST: Re: Consumers: This greed may spread across the USA
Newsgroups: misc.consumers,misc.consumers.frugal-living,ca.general
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