MTE members can expect higher than normal bills this summer as the Tennessee Valley Authority’s (TVA) Fuel Cost Adjustment charge remains up, thanks primarily to much higher natural gas prices.
“As compared to last summer’s bills, we calculate the impact of the higher TVA charges to mean an average monthly increase of about $12 for residential members,” said Chris Jones, MTE’s CEO. “If you consume more than an average amount of electricity, that amount will be higher; and if you consume less than average, it will be less.
“We wish that it were otherwise, but MTE has no control over the FCA. It is a direct pass-through, meaning that every penny we collect for this goes straight to TVA.”
TVA uses the FCA to help manage fluctuations in the costs of fuels it uses to generate electricity. The FCA has been steady for several years, but with global supply and inflation issues, the FCA has been higher the last several months.
“Increased natural gas prices is the biggest culprit,” Jones said. “TVA generates about 25 percent of its electricity by burning natural gas. Prices for natural gas are way up all over the world.”
TVA Fuel Cost Adjustment Will Add to Summer Electric Bills (murfreesboro.com)
Why? Among many reasons:
On June 2, 2022, the EPA proposed a new rule that would undo the Trump-era reforms. Under the rule, states can now exercise more flexibility when conducting their permit reviews and determine a “reasonable period of time” rather than a set period of one year.
Production is stagnating, but the growth of fossil fuels is not part of the Biden administration’s agenda despite natural gas being cleaner than coal and oil for energy production. “Burning natural gas for energy results in fewer emissions of nearly all types of air pollutants and carbon dioxide than burning coal or petroleum products to produce an equal amount of energy,” according to the U.S. Energy Information Administration.
Despite proposing new rules to stonewall the American supply of natural gas, Biden wants to provide the resource to our European allies as they decouple from Russia. Domestic production is stagnating in the northeast because of pipeline projects being halted and delayed, but we are telling allies to rely on our liquid natural gas. Promises are being made that cannot be kept.
Natural gas falls prey to Biden’s war on the energy grid (washingtonexaminer.com)
And let’s wait for winter when people cannot heat their homes unless they set them on fire.
Something will have to give.
Ggrrrrrr…. Thanks democrats.
A very wise man once said to me “It is a luxury of a wealthy nation to care about the environment. And, when that nation places caring about the environment before maintaining that wealth, they will lose both.”
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If the leftists think we are emitting a massive amount of carbon now, just wait until everyone starts burning wood to heat their homes. Funny how the population stops caring about politicians pet projects when it gets in the way of feeding their families.
I live in a rural area. Some people heat with wood, and when the weather conditions push the smoke down to the ground, you can tell/ smell who is heating their house using wood a half mile away.
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They tell me that since wood energy is renewable and carbon neutral, it is better.
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Tell that to the asthmatics. Tell that to the elderly and infirm. Tell that to the people with whose homes burnt down from chimney fires.
Not to mention the soot all over the walls. I used to heat by wood. Not any longer. My neighbors do, and yes, it’s easy to see and smell.
On CB’s comment: environmentalism is ignored by poor countries and also by all communists. Communist countries are extremely destructive of the environment; they don’t care if ordinary people die. So long as the party elite don’t suffer much, the rest doesn’t matter to them. The near-complete disappearance of the Aral Sea thanks to the Soviet communist policies is one example of many. (Wikipedia shows before and after pictures.)