We had the pleasure of meeting Ted Konyi, President and CEO of Smartcool Systems, a Canadian company that is selling it’s proprietary energy saving technology around the world. In the “you can never be a prophet in your own land” school of business Ted and his team have found success where high temperatures meet even higher electricity prices. It was a shock to see what other jurisdictions are paying. Have a look at this report from Texas. ~Ed

Electricity Prices Expected to Skyrocket This Summer

Consumers hoping to find better deals when their electricity contracts expire are in for a shock as retail prices have soared in anticipation of hot weather, potential power shortages and spikes in wholesale electricity prices.The low teaser rates for consumers available just a month ago have disappeared, making it impossible for buyers who average about 1,000 kilowatts a month to lock in a three-month rate for less than 18 cents a kilowatt-hour, according to… CLICK HERE for the complete article