What are you doing about your electricity bills???!!!
Posted: Sun Oct 16, 2022 3:06 pm
Hi, hope you guys are all doing well…
…and coping with your electricity bills!
Currently, I’m a very worried man. Worried that my family’s power bills would explode towards the end of the year, I searched for information on conventional energy companies and new energy companies, and came across the following article:
Weak Yen Threatens Runaway Power Bills for Japanese Households
Essentially, it reinforced my concerns about the following:
1) Power charges being exacerbated by the weak yen, with power generators needing to import coal, whose price is dollar-denominated
2)Conventional power companies pressuring the government to lift or abolish an existing cap on the amount of cost increases that can be passed on to the consumer
3) Some new-energy companies like Looop switching to a charging system based more on real-time market-based costs
A couple of years back, we switched from using Tepco to Looop, an alternative energy company, which until now has reduced our bills dramatically.
But now I’m thinking about whether to switch back to Tepco, thinking that maybe it will have less reason to raise prices given it has its own generation facilities.
I really don’t want to do this, given that they are expensive (maybe around 5% more than Tokyo Gas?) and misgivings about their role in the Fukushima disaster and the prospect of having to support over-paid, over-pampered permanent employees who work there (apparently they have around 30 directors, though my information may be old, and God knows what they do…)
So I’d like to ask everyone…what do you plan to do about the expected increase in your power charges? Are you currently shopping around? Will you go for a conventional power company, or a new alternative power company? Do you have recommendations what company to use?
Thank you very much!
…and coping with your electricity bills!
Currently, I’m a very worried man. Worried that my family’s power bills would explode towards the end of the year, I searched for information on conventional energy companies and new energy companies, and came across the following article:
Weak Yen Threatens Runaway Power Bills for Japanese Households
Essentially, it reinforced my concerns about the following:
1) Power charges being exacerbated by the weak yen, with power generators needing to import coal, whose price is dollar-denominated
2)Conventional power companies pressuring the government to lift or abolish an existing cap on the amount of cost increases that can be passed on to the consumer
3) Some new-energy companies like Looop switching to a charging system based more on real-time market-based costs
A couple of years back, we switched from using Tepco to Looop, an alternative energy company, which until now has reduced our bills dramatically.
But now I’m thinking about whether to switch back to Tepco, thinking that maybe it will have less reason to raise prices given it has its own generation facilities.
I really don’t want to do this, given that they are expensive (maybe around 5% more than Tokyo Gas?) and misgivings about their role in the Fukushima disaster and the prospect of having to support over-paid, over-pampered permanent employees who work there (apparently they have around 30 directors, though my information may be old, and God knows what they do…)
So I’d like to ask everyone…what do you plan to do about the expected increase in your power charges? Are you currently shopping around? Will you go for a conventional power company, or a new alternative power company? Do you have recommendations what company to use?
Thank you very much!