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Seriously, this. They mention their wholesale rates to neighboring cities is so profitable it subsidizes the local rates. Anywhere I’ve ever paid for power the
by zaroth 9y ago
Seriously, this. They mention their wholesale rates to neighboring cities is so profitable it subsidizes the local rates.
Anywhere I’ve ever paid for power there’s a supply charge and a separate generation charge. TFA makes it sound like there’s no supply charge, only a generation charge. Well, no wonder they can’t afford to build out their grid?!
Their hydro generation is 3,000 megawatts (woah!). Add a supply charge of $0.01/kWh (possibly phased in after the first 500kWh/mo) and... problem solved? On 1,000 MW that’s $0.01 * 24 * 365 * 1,000,000 = $87 million!
I think I pay $0.15 / kW locally so we’re not even price gouging here.
Having excess electrical capacity in 2018 is a license to print money, this town is sitting on a gold mine with zero carbon emissions or ecological damage and they are complaining about it?