Electricity pricing

Class Action Claim Filed Against Griddy for Excessive Electricity Bills During Texas Disaster

Tuesday, February 23, 2021 - 6:36pm

Even then, she continued to minimize her household's power usage because of her fear of high electricity prices.

Key Points: 
  • Even then, she continued to minimize her household's power usage because of her fear of high electricity prices.
  • The proposed class includes all Texas residents who used electricity services from Griddy and were hit with excessive charges resulting from the storm.
  • "A class action will be the most efficient and effective way for Griddy's customers to come together and fight this predatory pricing."
  • It seeks an injunction to prevent Griddy from billing and collecting payment for excessive prices and demands the forgiving of any late or unpaid bills from customers.

Champion Energy Confirms Weather Events Will Have No Impact on Residential Customer Rates

Tuesday, February 23, 2021 - 2:00pm

Champion Energy Services today announced that the extreme weather events Texans experienced over the past week will have absolutely no impact on the electricity rates for any of its residential customers.

Key Points: 
  • Champion Energy Services today announced that the extreme weather events Texans experienced over the past week will have absolutely no impact on the electricity rates for any of its residential customers.
  • This announcement is in line with the companys longstanding No Fine Print approach, offering residential customers rates that are always fair and easy to understand.
  • Michael Sullivan, Champion Energy CEO, commented, The safety and well-being of our customers is and always will be our number one priority.
  • Following the severe weather events in our state last week, we felt it important to underscore that no residential customer of Champion Energy will see any increase to their electricity rates as a result of these weather events.

Vietnam Electricity Standard Research Report 2020 - ResearchAndMarkets.com

Thursday, September 24, 2020 - 1:26pm

The "Vietnam Electricity Standard Research Report 2015-2025" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Vietnam Electricity Standard Research Report 2015-2025" report has been added to ResearchAndMarkets.com's offering.
  • In Q1/2020, global electricity output decreased by 2.6% compared to Q1/2019.
  • Specifically, the share of electricity from renewable sources tends to increase while the demand for electricity from other energy sources decreases.
  • In Q1/2020, the decline in electricity demand along with the decline in input energy prices in the wake of disease outbreaks contributed to the decline in electricity prices.

U.S. Businesses Could Wake Up to Significantly Higher Electricity Prices by Winter 2020 Warns New Article

Wednesday, September 9, 2020 - 1:00pm

Natural gas prices jumped nearly 25% in August after reaching an all-time deregulated low in July, said Paul Shagawat, Co-Founder and Managing Partner, Transparent Energy.

Key Points: 
  • Natural gas prices jumped nearly 25% in August after reaching an all-time deregulated low in July, said Paul Shagawat, Co-Founder and Managing Partner, Transparent Energy.
  • Just because we have enjoyed a two-year run of very low energy commodity prices, doesnt mean prices will remain there.
  • In fact, the data strongly suggests a steep rise in natural gas prices which directly impacts electricity prices over the coming months and into 2021.
  • With so many companies struggling in 2020, getting in front of an expected hike in electricity prices could prove key to future operating performance.

DGAP-News: VERBUND AG: Results for quarters 1-2/2020: Slight decrease in earnings due to negative impacts of COVID-19 and lower water supply

Thursday, July 30, 2020 - 8:01am

The results posted by VERBUND for quarters 1-2/2020 were down only marginally in spite of the changed conditions due to COVID-19 and a significantly lower water supply than in the previous year.

Key Points: 
  • The results posted by VERBUND for quarters 1-2/2020 were down only marginally in spite of the changed conditions due to COVID-19 and a significantly lower water supply than in the previous year.
  • The water supply was at a lower level in quarters 1-2/2020.
  • The rise in wholesale electricity prices on the futures markets during the relevant hedging period had a positive effect on earnings.
  • The Group result after adjustment for non-recurring effects was 301.0m, corresponding to a decrease of 11.6% on the prior-year period.

Learn how fees and usage impacts your electricity bill in new online CER tool

Tuesday, July 14, 2020 - 5:50pm

CALGARY, AB, July 14, 2020 /CNW/ -Canadians have a new way to assess their electricity bill in a new, interactive online report released by the Canada Energy Regulator (CER).

Key Points: 
  • CALGARY, AB, July 14, 2020 /CNW/ -Canadians have a new way to assess their electricity bill in a new, interactive online report released by the Canada Energy Regulator (CER).
  • It also explains electricity prices across the country allowing people to understand why costs vary depending on location, fees, regulation and taxes.
  • Provinces with abundant hydro-electric resources like Quebec, B.C., Manitoba, and Newfoundland and Labrador use electricity for home heating and tend to consume the most electricity.
  • "This innovative, interactive report really explains electricity bills to help everyone understand electricity pricing and consumption across Canada."

CUB Alerts Ameren Illinois Customers To Change In Power Price

Monday, June 1, 2020 - 8:36pm

CHICAGO, June 1, 2020 /PRNewswire/ --The Citizens Utility Board (CUB) on Monday alerted Central and Southern Illinois consumers to a change in Ameren Illinois' electricity price.

Key Points: 
  • CHICAGO, June 1, 2020 /PRNewswire/ --The Citizens Utility Board (CUB) on Monday alerted Central and Southern Illinois consumers to a change in Ameren Illinois' electricity price.
  • According to the Illinois Commerce Commission (ICC), this is the new Ameren price through September 30, 2020:
    *This rate includes Ameren's supply price plus a transmission charge and a supply cost adjustment.
  • Knowing Ameren's "price to compare" helps consumers make informed decisions about their power bills and avoid rip-offs, CUB said.
  • Created by the Illinois Legislature, CUB opened its doors in 1984 to represent the interests of residential and small-business utility customers.

CUB Alerts Com Ed Customers To Change In Power Price

Monday, June 1, 2020 - 8:33pm

CHICAGO, June 1, 2020 /PRNewswire/ -- The Citizens Utility Board (CUB) on Monday alerted northern Illinois consumers to a change in Commonwealth Edison's electricity price.

Key Points: 
  • CHICAGO, June 1, 2020 /PRNewswire/ -- The Citizens Utility Board (CUB) on Monday alerted northern Illinois consumers to a change in Commonwealth Edison's electricity price.
  • As of June 1, ComEd's summer "price to compare"the rate customers should compare to alternative supplier offersis down nearly 10 percent from its winter rate.
  • Consumers who are pitched an offer from an alternative energy supplier should compare that company's price to ComEd's supply rate above.
  • Knowing ComEd's "price to compare" helps consumers make informed decisions about their power bills and avoid rip-offs, CUB said.

Saudi Power Sector - Challenges & Opportunities Post COVID-19 - ResearchAndMarkets.com

Friday, May 29, 2020 - 2:51pm

The "Saudi Power Sector - Challenges & Opportunities Post COVID-19" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Saudi Power Sector - Challenges & Opportunities Post COVID-19" report has been added to ResearchAndMarkets.com's offering.
  • Saudi Power Sector report examines the power consumption in the Kingdom, and the country's power generation capacity and transmission and distribution infrastructure.
  • It provides a structural analysis of the power sector in the Kingdom that explains the structural shifts in the power generation sector by type of fuel and type of generations.
  • The different factors driving the growth of the Kingdom's power sector and the contribution of different user segments contributing to power demand are detailed.

Sense Data Shows That Home Energy Demand Increased 22% Since Covid-19, Driving up Utility Bills, and Most People Decided to Stay Home Before Government Mandates

Wednesday, May 20, 2020 - 6:51pm

Ordinarily, home electricity demand decreases in the March through April time frame due to warmer weather in the spring.

Key Points: 
  • Ordinarily, home electricity demand decreases in the March through April time frame due to warmer weather in the spring.
  • Mid-day energy usage was the biggest factor in driving up energy demand.
  • The biggest jump took place at 4 pm when the average home's energy usage increased by 425 kWh compared to 2019 averages.
  • The Sense home data revealed that after March 14, daily energy consumption increased 22.4% across the country, driven by a 35% increase in mid-day demand, but changes varied significantly across states.