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Article #8683Re: Consumers: This greed may spread across the USA
From: Don Klipstein
Date: Wed, 04 Apr 2001 04:14
Date: Wed, 04 Apr 2001 04:14
21 lines
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1946 bytes
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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X-Google-Language: ENGLISH,ASCII-7-bit X-Google-Thread: 106ed4,cba396bd1a6955ae X-Google-Attributes: gid106ed4,public X-Google-Thread: 107518,cba396bd1a6955ae X-Google-Attributes: gid107518,public X-Google-Thread: f6c48,cba396bd1a6955ae X-Google-Attributes: gidf6c48,public X-Google-ArrivalTime: 2001-04-03 21:16:38 PST Path: arc1-ca.pugleaf.net!supernews.google.com!sn-xit-02!supernews.com!news.gv.tsc.tdk.com!newsfeed.berkeley.edu!ucberkeley!logbridge.uoregon.edu!nntp.upenn.edu!news.misty.com!don From: don@manx.misty.com (Don Klipstein) Newsgroups: misc.consumers,misc.consumers.frugal-living,ca.general Subject: Re: Consumers: This greed may spread across the USA Date: 4 Apr 2001 04:14:39 GMT Organization: MGT Consulting Lines: 21 Message-ID: <slrn9cl7tf.t0v.don@manx.misty.com> References: <3AC04004.869443B7@ix.netcom.com> <tcbic3lvvruu29@corp.supernews.com> NNTP-Posting-Host: manx.misty.com User-Agent: slrn/0.9.6.2 (SunOS)