So here in upstate NY, NYPERG and our Central Hudson electric power company provides great rebates to install Heat Pumps. So we install Heat Pumps. Then on Feb 10, 2022 Central Hundson last month decides to increase kWh rate from 16 cents per kWh to 30 cents per kWh. You can not win. This is the ultimate bait and switch. They sold us on, don't use fosil fuels for heat, you can save money and help the environment by switching to electric heat pumps.
This is a complete loss in confidence that the electric power company is going to provide electric power at STABLE reasonable rates, which historically they have done until last month.
Has your power company had significant unprecedented rate increases like this?
This is a complete loss in confidence that the electric power company is going to provide electric power at STABLE reasonable rates, which historically they have done until last month.
Has your power company had significant unprecedented rate increases like this?