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Electricity is not like other fuel commodities. It is a commodity that you pay for it as it is used. The more you use the more you pay. Unlike fuel oil where it is governed by supply and demand that varies the price from season to season. With electricity, to raise the price, it usually has to be subjected to a utility review board to see it the price hike is warranted. The utility company shows its costs and profits and the review board make a decision as to whether it can raise the price of a kilowatt hour. This review stops price gouging that happens in other fuel commodities.

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9y ago

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