Wednesday, May 7, 2008

MC25- POWER RATES

THEY FINALLY GOT IT RIGHT FOR RESIDENTIAL CUSTOMERS
Power Rate More Than Doubles: Story Here..
Residential customers are in for a shock when they get their power bills next month, after the Commonwealth Utilities Corp. revised its power rates yesterday, increasing them to more than double the previous rates. The action comes soon after Gov. Benigno R. Fitial on Saturday signed into law the measure that suspends the power rates rollback. Effective Saturday, the rate for residential customers for the first 500 kilowatt-hour is 37.3 cents per kWh-the highest ever electric rate in the CNMI. For those with consumptions ranging from 501 to 1,000 kWh, the rate is now 42.3 cents; for those that range from 1,000 to 2,000 kWh, it is 44.3 cents; and for those with over 2,000 kWh, it is 48.4 cents.The residential rates more than doubled because CUC is now charging 35.7 cents for the fluctuating electric fuel rates.
For businesses, the May rate is not good news either. CUC is now charging commercial customers 44.3 cents per kWh.
Well they are off to a good start now the next step is........ What did you answer there?
Here it is... They need to collect all due bills and disconnect non-payers. PS. Up-date Here...
I would recommend there is not a reconnection fee. Although there needs to be a balancing of fees and security deposits. I'm not in the small arrangements that need to be made but this should get ironed out.
The next thing is there should be pre-paid meters for people who do have limited funds, at least they could plan around their own power management, then being subject to CUC's random outages. I'll leave all that to sink in before I go on....
I did a poll on what was the expected rates that the PUC would set but as you know they need a year to learn how to do it. Don't you see how easy this was. I'll bet the rates won't get any higher unless oil continues to skyrocket. Anyway here is what you thought the correct rates would be... This is the poll, Most thought the prices would fall between 32 and 36 cents to over 36 cents.
Here is how it broke down.. There were 41 votes...
Three picked 17 t0 21 cents.
Three picked 22 to 26 cents.
Six picked 27 t0 31 cents.
Eighteen picked 32 to 36 cents and the rest....
Eleven picked over 36 cents.
It seemed like most of everyone was expecting these rates.
.....GED.....

6 comments:

berto said...

Caterpillar Inc., moving to boost its presence in the booming Asia-Pacific market, on Wednesday unveiled an approximately $500 million transaction that will boost the heavy-equipment giant's 50 percent ownership stake in a joint venture to a controlling 67 percent. Some of these used equipment are sold in Banago, Philippines. I got this information in komatpillar.com

bigsoxfan said...

and your spammy point is?? I'm a big cat fan actually, they are big here in UB and sponser a perrenial winning team in the pumpkin chukkin' championships back home. Go CAT..

Marianas Pride said...

Berto, what the heck does that hve to do with our rip off power rates? I don't think our leaders really care. Heinz came up with a solution, yet all he got was criticism for wanting to tap MPLT funds. Electricity is now a luxury item.

Bruce A. Bateman said...

The solution really is simple, MP. Just have the people who use the power, pay for what they use. What a novel idea.

glend558 said...

Berto is spam. It was on everyone of my posts. I deleted them all except this one because Mark had made a comment on it, and I didn't want his comment to look like he didn't know what he was talking about.
I'll post more steps about the power problem I think are needed as we go along.

Anonymous said...

here's another novel idea: pay employees what they are worth and at bare least a living wage.

no problem doubling or tripling electricity rates but as soon as they touch your slave labor wages your novel ideas are throw by the wayside.