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Prices will not plummet due to oversupply, they will increase as demand decreases to increase profitability. Electricity prices reflect only one thing: how high
by raven105x 8y ago
Prices will not plummet due to oversupply, they will increase as demand decreases to increase profitability. Electricity prices reflect only one thing: how high they can be while still being "affordable". Even now, in most major cities, residential pricing is 10x-50x of business/industrial pricing ...in the same zip code. The cost of production of electricity is almost enitely irrelevant to its' pricing.
- maxerickson 8y agoWhat electric companies have rates like that? In the Midwest it is like a factor of 2 for energy, maybe (residential energy in urbanized areas around here is $0.10-$0.15 per kW-h, with a day charge of ~$0.50).