Editor,

I am writing about recent outrageous gas procurement charges from Peak Six Power & Gas LLC, billed locally through PG&E.

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(3) comments

edkahl

California's dysfunctional energy policy works against itself and it's citizens best interest. We have no grid to handle out current electrical demand let alone higher demand. There is no way to store green electricity that the state could possible afford. There is no climate catastrophe. But green energy technology is progressing and will undoubtedly be able to supply affordable green energy in the foreseeable future but not right row.

SanMateoResident

I share your dismay in the price of natural gas. My Tier 1 cost has increased 90% and Tier 2 54% from Jan/Feb 2020 to Jan/Feb 2023. But I want to point out that the procurement cost is the cost that PGE pays for the gas. Mine has gone up 299% for Tier 1 and 322% for Tier 2. Apparently we import most/all of our natural gas. Prices have gone way up because of worldwide events, and in addition, there was a disruption to the gas pipeline from Texas. So I'm not sure that our gas suppliers (PGE in my case) are completely to blame. Nonetheless, it's exorbitant. I have turned off my furnace. It's not a good way to live.

Dirk van Ulden

It will teach J. M. Ryan to read the fine print in his third party gas supply contract. These smaller providers hedge their prices based on PG&E's rates but their wholesale supplier has a different pricing strategy, mostly supply and demand based. PG&E has mostly long term contracts with a portion of its portfolio subject to market fluctuations. Much more secure than the third party providers such as the one identified.

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