LOL, Michigan's rapacious utility Consumers Energy delays roll-out of new Summer Peak Rate program due to COVID-19

 

Due to COVID-19, Peak Pricing has Been Delayed Until 2021:

Given the economic challenges associated with the COVID-19 pandemic, we are delaying the implementation of the summer peak pricing period until 2021.

While you will still see this rate code (1001) on your bill, we will not be moving forward with the peak pricing for this summer as initially communicated. You will instead have a flat rate for electricity throughout the remainder of 2020.

The Summer Peak Rate includes a peak period from June 1 through September 30. The peak period consists of “on-peak” and “off-peak” rate prices:

• “On-peak” rate price – From 2 to 7 p.m., Monday through Friday, your electricity rate will cost about 1.5 times higher than the “off-peak” rate price.
• “Off-peak” rate price – customers will pay a lower rate price for electricity used outside of on-peak times. This is the same rate you would pay October through May.

Monday situation summary 3/9/20

The CDC basically urged people 60 and over to become hermits at home to avoid infection with SARS-CoV-2. High blood pressure appears to be the one thing most who die of the virus have in common.

The COVID-19 outbreak in Italy is killing off parents and grandparents at an alarming level because the healthcare system, though quite advanced up north, is overwhelmed by the disease outbreak. Reports say many patients die in hospital untreated, just as in China in the early days of the epidemic there, because of inadequate infrastructure and doctors for so many patients. The quarantine has been extended now to the entire country. That is not being done to make Donald Trump look bad. 

Stock market losses today were sizable. The decline in the S&P 500 made the top 20 list for daily percentage losses. The stock market is a confidence game, and valuation has grown to outrageous levels and stayed there for a couple of years already, so it has been vulnerable to a confidence shock. People just didn't believe it was. The virus hysteria is undercutting that confidence. 

The price of oil plunged as OPEC failed to agree to production cuts. Expect big trouble for the economy as a result, which was already in decline, which is why OPEC wanted the cuts. Declining demand. Max von Sydow died to mark the occasion. Hint: He played Joubert.

People are afraid to fly and some flights are nearly empty. It's a good thing, too, because a study from China is out indicating infected persons can infect others in enclosed, air conditioned spaces like buses, even after they've disembarked. One person infected 11 this way. This also happened in Japan you will recall, where a bus driver was infected by tourists from Wuhan on his bus.

US cases of COVID-19 soared to 654 from the 15 President Trump said back in February were headed to zero. Can't make this go away with the Power of Positive Thinking.

Joe Biden is loudly for tariff punishment of China for burning coal

He's a Democrat Trump.

The only thing saving industrial production in this country since 2007, up less than 5%, has been fracking to mine oil and gas

It has had little to do with Trump or Obama either way, political support or no political support.

The only thing giving an additional recent boost to oil and gas was the 2015 bipartisan agreement to end the oil export ban, signed by Obama.

Industrial production from all mining categories is up almost 17% 2015-2019, and a whopping 53% 2007-2019.

Industrial production from coal mining, a subset of this like oil and gas, is down over 39% since 2007, and 21% since 2015 despite Trump's promise to restore the industry. Industrial production from base metals mining is up less than 3% since 2007. Industrial production from gold and silver mining is down almost 15%.

Industrial production from crude oil mining is up a whopping 140% since 2007, and from natural gas 79% from 2007 through November 2019 on an average basis.

Otherwise it's a sorry picture.

Industrial production from manufacturing is down 1.3% 2007-2019, despite Trump running on bringing manufacturing back to the United States.

And industrial production from electric and gas utilities has grown a paltry 2% 2007-2019.

It's all mining of crude oil and natural gas.

If the anti-capitalist climate kooks get their way, we're all in big trouble.

Trump digs coal's grave

Joe Biden in New Hampshire this week to the coal miners: Learn to code, 'cause I'm going to put you out of work

"Anybody who can go down 3,000 feet in a mine can sure as hell learn to program as well." 

"Anybody who can throw coal into a furnace can learn how to program, for God's sake!"

More.