4 ms·
Prices of anything "by country" should be normalized by local average income. Ideally, for a fairer comparison, a good metric is "how many hours of work of a me
by marcodiego 4y ago
Prices of anything "by country" should be normalized by local average income. Ideally, for a fairer comparison, a good metric is "how many hours of work of a median citizen for each unity" of such a good.
EDIT: article does something similar to that: https://www.electricrate.com/wp-content/uploads/2020/12/countries-with-free-electricity-1024x905.png https://www.electricrate.com/wp-content/uploads/2020/12/coun...
- bagels 4y agoThat speaks to affordability, but not to why some countries just don't seem to be able to do it effectively, costing an order of magnitude more in some countries than others.
- makeitdouble 4y agoTBF price doesn't work well as a proxy for actual cost or efficiency either. Many countries have price caps set by the government, subsidies to keep electricity affordable, or weirder/more complicated schemes to finance energy production.
- nonethewiser 4y agoThe original article has some of those figures.