I am writing to question and complain about my most recent Payment Coupon, showing my account balance as of February 2, 2012, from DTE.
This statement shows my electric usage went down 9% from a year ago and my gas usage went down 15% from a year ago. I note that as a commodity Natural Gas pricing has dropped over 25% during 2011. Given those two large reductions why has my January monthly charge from DTE only gone from $206.45 in 2011 to $205.75???
I was not expecting an answer from the forum. But, thought some investors may want to hear of this. DTE did give a quick reply. There were 3 more days during this years billing period, so that accounted for some of the problem. They had a large increase in electric rates $20 more per month. They are also charging $.53 per ccf for gas while the open market is below $.30. SO they're making over a 50% markup on their gas if they get it any where close to the market. I don't know how the Public Service Commission can approve that. It is good for shareholders, but not customers.
I do understand this is an investor forum & apologize if my posting re this has offended any.