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The Main Squeeze - "Hotel California"

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Anymouse 🌹🏡😷2/19/2021 2:02:47 am PST

We’re going to get hammered for heating. Black Hills is our gas supplier.

The bill will come due for this cold snap — literally.

Customers of Lincoln Electric System and Black Hills Energy are likely to see higher bills for February, but exactly how much higher is unclear.

The extremely cold weather that has engulfed much of the United States over the past week has led to soaring energy costs.

On Friday, spot natural gas prices soared to hundreds of dollars per million British thermal units, a huge spike for prices that are normally less than $10.

Electricity prices soared as high as $9,000 per megawatt hour in Texas on Tuesday, according to news reports.

Under Nebraska law, Black Hills is allowed to pass on the actual cost of the natural gas it buys to customers.

(more)

‘Largest natural gas price increases in 20 years’: Residents likely to see spike in utility bills after record cold snap (Scottsbluff, Nebr. Star-Herald)