### Poll

#### Which is the correct Price

0.0296 cents/kWh
1 (6.7%)
0.0296 dollars/kWh
7 (46.7%)
7 (46.7%)

Total Members Voted: 13

### Author Topic: Renewable Power Purchase Program from Mr. Money M's Blog  (Read 3929 times)

#### FatherBob

• Posts: 7
##### Renewable Power Purchase Program from Mr. Money M's Blog
« on: October 18, 2016, 09:06:27 AM »
I looked into the Renewable Power Purchase Program from City of Longmont, Colorado. Is it possible they made a mistake in their price quotes?

“They have 100 kWh blocks of energy are available for an additional \$2.96 per month”
And they also quote:
“For an extra cost of 0.0296 cents/kWh, you can source all of your electric usage from renewable energy.”

So, is it 0.0296 cents/kWh or should it be 0.0296 dollars/kWh?

Thank you so much for helping me understand!

#### bacchi

• Walrus Stache
• Posts: 5888
##### Re: Renewable Power Purchase Program from Mr. Money M's Blog
« Reply #1 on: October 18, 2016, 09:10:15 AM »
It's .0296 cents/kwh. You have to buy it in 100 kwh blocks though so at a minimum you're paying an extra \$2.96.

#### FatherBob

• Posts: 7
##### Re: Renewable Power Purchase Program from Mr. Money M's Blog
« Reply #2 on: October 18, 2016, 09:13:46 AM »
Do you see how 100 kWH should only be 2.96 cents or rounded up to 3 cents?

#### bacchi

• Walrus Stache
• Posts: 5888
##### Re: Renewable Power Purchase Program from Mr. Money M's Blog
« Reply #3 on: October 18, 2016, 09:24:28 AM »
Eh? I don't understand that question.

.0296/kwh is the rate increase.

But they don't sell just one kwh of renewable energy. They sell blocks of 100 kwh: .0296 * 100 = \$2.96.

If you use 200 kwh in November, and want to green all of it, you can purchase 2 blocks and pay an extra \$5.92.

#### FatherBob

• Posts: 7
##### Re: Renewable Power Purchase Program from Mr. Money M's Blog
« Reply #4 on: October 18, 2016, 09:26:51 AM »
.0296 WHAT / kWH?

Is there a difference between 1 dollar / kWH and 1 cent / kWH.  Yes

Is there a difference between .0296 dollars / kWH and .0296 cents / kWH - Yes.

I really need help with this question.  Thank you!

#### bacchi

• Walrus Stache
• Posts: 5888
##### Re: Renewable Power Purchase Program from Mr. Money M's Blog
« Reply #5 on: October 18, 2016, 09:33:14 AM »
Cents. It's what their website states and what I also wrote.

Quote from: Longmont
For an extra cost of 2.96 cents/kWh,

Quote from: bacchi
It's .0296 cents/kwh. You have to buy it in 100 kwh blocks though so at a minimum you're paying an extra \$2.96.

Where's the disconnect?

Eta: Oh, I get it. I fell for it. Oops.
« Last Edit: October 18, 2016, 09:35:39 AM by bacchi »

#### FatherBob

• Posts: 7
##### Re: Renewable Power Purchase Program from Mr. Money M's Blog
« Reply #6 on: October 18, 2016, 09:40:16 AM »

Eta: Oh, I get it. I fell for it. Oops.

But what is the final answer?  That's what I'm looking for...

#### bacchi

• Walrus Stache
• Posts: 5888
##### Re: Renewable Power Purchase Program from Mr. Money M's Blog
« Reply #7 on: October 18, 2016, 09:41:53 AM »

Eta: Oh, I get it. I fell for it. Oops.

But what is the final answer?  That's what I'm looking for...

1999.

#### neophyte

• Pencil Stache
• Posts: 594
• Location: A wretched hive of scum and villainy
##### Re: Renewable Power Purchase Program from Mr. Money M's Blog
« Reply #8 on: October 18, 2016, 10:06:38 AM »

Eta: Oh, I get it. I fell for it. Oops.

But what is the final answer?  That's what I'm looking for...
42

#### dycker1978

• Pencil Stache
• Posts: 768
• Age: 43
##### Re: Renewable Power Purchase Program from Mr. Money M's Blog
« Reply #9 on: October 18, 2016, 10:10:25 AM »
I think whoever wrote this was daft.  I would think it to be \$2.96/100 kWh or 2.96 cents per 1 kWh.  or 0.0296\$ per kWh.

That would be my take on it.

#### jambongris

• Bristles
• Posts: 330
• Age: 36
##### Re: Renewable Power Purchase Program from Mr. Money M's Blog
« Reply #10 on: October 18, 2016, 10:15:49 AM »
Nice Verizon tech support reference; those calls are both hilarious and depressing. I imagine they're making the same mistake here.

Reference: Verizon Math

#### nereo

• Senior Mustachian
• Posts: 15089
• Location: Just south of Canada
##### Re: Renewable Power Purchase Program from Mr. Money M's Blog
« Reply #11 on: October 18, 2016, 10:28:22 AM »
I think whoever wrote this was daft.  I would think it to be \$2.96/100 kWh or 2.96 cents per 1 kWh.  or 0.0296\$ per kWh.

That would be my take on it.

This.
FWIW, when discussing utility rates, it's assumed to be in \$ unless otherwise noted, so 0.0296 = \$0.0296 or 2.96˘
buying it at \$2.96/kwh would be utterly absurd.  Taking a hot shower would cost you \$5.

#### FatherBob

• Posts: 7
##### Re: Renewable Power Purchase Program from Mr. Money M's Blog
« Reply #12 on: October 18, 2016, 12:04:26 PM »

This.
FWIW, when discussing utility rates, it's assumed to be in \$ unless otherwise noted, [...]

That's the thing... it is otherwise noted as cents, not dollars....

#### FatherBob

• Posts: 7
##### Re: Renewable Power Purchase Program from Mr. Money M's Blog
« Reply #13 on: October 18, 2016, 12:05:25 PM »
Nice Verizon tech support reference; those calls are both hilarious and depressing. I imagine they're making the same mistake here.

Reference: Verizon Math

Thanks!!! :-)

#### dycker1978

• Pencil Stache
• Posts: 768
• Age: 43
##### Re: Renewable Power Purchase Program from Mr. Money M's Blog
« Reply #14 on: October 18, 2016, 12:51:00 PM »

This.
FWIW, when discussing utility rates, it's assumed to be in \$ unless otherwise noted, [...]

That's the thing... it is otherwise noted as cents, not dollars....

You asked what we thought, we told you... don't argue with it now.

#### arebelspy

• Senior Mustachian
• Posts: 28457
• Age: -999
• Location: Seattle, WA
##### Re: Renewable Power Purchase Program from Mr. Money M's Blog
« Reply #15 on: October 23, 2016, 04:55:25 AM »
I immediately thought of VerizonMath, too.

Since it's referenced briefly, let me elaborate a bit for those that don't know:
Guy is quoted .002 cents per kb, is charged .002 dollars per kb.  Calls in to dispute with customer service, they don't understand the difference between .002 cents and .002 dollars.

Blog detailing it was linked above by jambongris, but at least listen to the 3:22 condensed version (from 27 minute phone call), it's pretty hilarious: https://www.youtube.com/watch?v=zN9LZ3ojnxY

The wife and I sometimes quote the "Well that's just a matter of opinion" to things that clearly aren't.

I lol'd at this thread the same thing happening with a few posters...  whoops.  :)

My opinion is that it's dollars/kWh, and their example is correct, but them saying cents/kWh is a mistake.
I am a former teacher who accumulated a bunch of real estate, retired at 29, spent some time traveling the world full time and am now settled with three kids.
If you want to know more about me, this Business Insider profile tells the story pretty well.
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#### Metric Mouse

• Walrus Stache
• Posts: 5279
• FU @ 22. F.I.R.E before 23
##### Re: Renewable Power Purchase Program from Mr. Money M's Blog
« Reply #16 on: October 23, 2016, 11:42:16 PM »

This.
FWIW, when discussing utility rates, it's assumed to be in \$ unless otherwise noted, [...]

That's the thing... it is otherwise noted as cents, not dollars....

You asked what we thought, we told you... don't argue with it now.

Ha! You forget what forum you're on!