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Why wouldn't the power company just reduce the price they will purchase power at? Make profit on the spread like every other market. There will still be peopl
by tastyfreeze 3y ago
Why wouldn't the power company just reduce the price they will purchase power at? Make profit on the spread like every other market. There will still be people that have property where they can produce an excess of power they can sell.
- hnaccount_rng 3y agoThis is what they’ll do. But that’s simply not what net-metering means. Net-metering means (essentially) buying at the same price that the utility sells.
- skybrian 3y agoThat does make sense, but then it’s not net metering anymore and would require a smarter meter. It’s also less attractive to homeowners because they get paid a lot less. (Prices are low when the sun is shining due to competition from utility-scale solar.) Charging batteries starts looking like a better alternative. A decentralized power system is going to have a lot of battery backup and that might even be more important than the solar panels?
- swamp_donkey 3y agoBecause they have signed 40 year contracts so that the people that built the power plant could get financing