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How exactly are the poor subsidizing the rich if the rich can participate in the electricity market at (near) market rates? Sure, there's a tiny bit of power lo
by bloppe 4y ago
How exactly are the poor subsidizing the rich if the rich can participate in the electricity market at (near) market rates? Sure, there's a tiny bit of power lost during transmission, so the price you can charge the grid should be a bit less than the price you would pay to the grid for the same energy, but does it actually make a difference to non-solar houses if that's the case? The only effect I can see is a reduction on the demand of the power plant, which might affect the economy of scale, but is that actually happening?
- HDThoreaun 4y agoNet metering is not near market rate. Utilities pay wholesale rates which are generally around 10-20% of retail rates. And in "true" net metering it's even worse because you sell during the day when prices are low and buy at night when prices are high but pay nothing. Utilities are monopolies, they will get their profits one way or another. If the wealthy are paying them less that just means the poor will pay more.
- bloppe 4y agoI'm not sure if you meant net billing instead of net metering, but this seems to reinforce the idea that the rich were never being subsidized by the poor in the first place