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Economically-questionable conclusions: although individual secretive utilities might on occasion make dumb deals, they'll charge households whatever the marke
by haney 8y ago
Economically-questionable conclusions: although individual secretive utilities might on occasion make dumb deals,
they'll charge households whatever the market & regulators will allow,
and then charge Amazon whatever the market & regulators allow.
Because most utilities are monopolies that are allowed by regulators I'm not sure that the market's invisible hand has that much of an impact is this particular situation. The consumers who need electricity for their homes don't have much choice here.
Edit: formatting
- kwhitefoot 8y agomost utilities are monopolies That's interesting. In Norway and UK, etc., You can buy your electricity from any operator you like. The only monopoly is the power cable. So I get two bills, one for energy and the other for the transport of it.
- mmt 8y ago> The only monopoly is the power cable. That there, is enough, though. It's not as if you could choose not to pay for that portion and pay only for the energy. As such, the rate could go up without bound. (Well, bounded by competition from off-grid systems that are 2-6x as expensive in the long run and have a huge up-front cost).