This post is inspired by an article published in Business Insider by Wolf Richter which explores how the largest utility provider is raising rates. For a more detailed account read the article The Largest Utility In the US is Jacking Up Rates.
Happy New Year, We’re Raising Rates!
I ran across some not-so-good news for the New Year while reading Business Insider. The not-so-good news I’m referring to is the subject of an article which brings to light that the largest electric utility (and the second largest gas utility) by number of customers in America is raising rates. What makes this so interesting is that rates are not just going up slightly. The jump will increase natural gas rates for residential customers by 4.0% and electricity rates by 8.5%, which is an overall rate increase of 7%! This is on top of the 6% rate increase from a year ago.
What’s Going On Here?
What is most peculiar about the company raising rates is that the overall cost of natural gas keeps getting lower. So why is cost of this company’s utilities going up? Some suggest it is because of a disaster that occurred in 2010 that resulted in damage that is still being fixed. Others suggest the raise in rates will cover dividend payments.
Whatever the reason, it is unfortunate for customers to see such a sharp increase in their natural gas and electric rates especially when the same customers faced a hefty rate increase last year. It seems like now is a good time to start a career in utility bill auditing. Those who face raising rates need someone who can help keep track and make sure there are no errors on past or future bills.
You can learn more about starting your career in utility bill auditing today. Click here to learn more about it.