3 ms·
Net 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 wors
by HDThoreaun 4y ago
Net 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