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Prices aren't being outright subsidized. The other states who don't have the foresight of creating enough power for their own citizens have to pay premium price
by MichaelApproved 8y ago
Prices aren't being outright subsidized. The other states who don't have the foresight of creating enough power for their own citizens have to pay premium prices to the states that properly planned infrastructure. The situation is being taken advantage of by miners who can exploit low rates that couldn't realistically be planned for when power production infrastructure was being created.
- UncleEntity 8y agoThe other states did plan ahead by getting long-term contracts for power, probably makes more sense to buy excess hydro-power than building a coal fired plant locally. Now they find they can't supply export power and local power because their crystal ball didn't predict there would be a power hungry technology moving in.