boomhower
Diamond Member
Originally posted by: ICRS
Originally posted by: dougp
Originally posted by: ICRS
This is why having private companies provide a necessity such as electricity isn't good. Government run electric companies are much more efficient, and they don't care about profits like private ones. If you had a government run power company, they wouldn't be sending letters like this.
You don't know anything - I work in EDI processing, FPL is one of our clients - I believe Florida is a regulated market and that's why this can happen.
What I do know is this. We pay around 20% less then the people in the county over. The difference, WE have government run power. They have a power from a private company PG&E.
Cost of funding for government run power is lower. Government run power doesn't have to pay taxes. They can issue tax free bonds. Their revenue isn't subject to taxes. Private run power has to pay all kinds of taxes. Lower cost of funds means lower rates for consumers.
That isn't always the case here. I work in the county over from my residence and my power bill is much lower. I have a co-worker who has a house almost identical to mine and her bill runs $300-$350 consistently. They have paid a $49 monthly fuel surcharge for around two years now. Mine varies between $110-$230 depending on the time of year. I am on progressive and their's is govt run.