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This doesn't make sense. Price isn't set by the cost of service. You could fix the leaks and still raise the price to increase your profit margin.
by kevincox 4y ago
This doesn't make sense. Price isn't set by the cost of service. You could fix the leaks and still raise the price to increase your profit margin.
- zamnos 4y agoThe energy market in California is highly regulated and the prices consumers pay are fixed by the California Public Utilities Commission (CPUC), and are designed to cover the utility's costs, plus a "reasonable" profit.
- sidewndr46 4y agoIf it was an absolute free market with no barriers to entry sure. I've never lived anywhere that energy, water, or sewer was a free market. My natural gas supplier for example (which is used primarily for heating where I live) routinely raises prices and always flouts state law. My only option would be to discontinue use of natural gas, which would cost me even more money.