Looks like electricity prices in the PA and NJ area will be stable or lower going into 2017. Record number of generation was put up for auction last Friday.
So, if you are in this area and aren't supplementing your electricity with solar - that's good as your electric bill won't be going up for a few years, at least. Some headwinds for companies like Solar City who are moving into the New Jersey area. Now, this also means it may be a great time to buy an EV type car - Tesla, Volt, Leaf, whatever. Lower electric "fuel" prices may be a good hedge against an unknown future for gasoline prices. The power companies will be wanting you to use more off-peak kWh for things like EV charging.
Exelon, local power generator operating here, now faces a downgrade by Deutch Bank
Another good one (if you are a stock trader...)
So, if you are in this area and aren't supplementing your electricity with solar - that's good as your electric bill won't be going up for a few years, at least. Some headwinds for companies like Solar City who are moving into the New Jersey area. Now, this also means it may be a great time to buy an EV type car - Tesla, Volt, Leaf, whatever. Lower electric "fuel" prices may be a good hedge against an unknown future for gasoline prices. The power companies will be wanting you to use more off-peak kWh for things like EV charging.
Exelon, local power generator operating here, now faces a downgrade by Deutch Bank
Another good one (if you are a stock trader...)
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