3 ms·

Was just thinking that! I know that, for example, Iceland does a lot of the world's aluminum smelting (ore gets shipped in from Australia, for example) b/c the

• spywaregorilla 3y ago
  iceland has so much electricity then run warmers under the roads to melt the snow
• Gibbon1 3y ago
  I've been firmly of the opinion that after a transition period the pricing structure is going to inverted and contain seasonal and episodic events. Long term I don't think this is a problem. Because customers will appear to utilize cheap/zero cost power. I also think a lot of 'baseload' customers are just chasing lowest cost. Those guys will happily shift their demand. And we're no longer looking at what you could believe 20 years ago, a world where energy costs on average 4-5 times more than it does today. Actually looks like energy will cost less. We definitely have issues around transition, utilities don't want to get caught out and go bankrupt.
  • s1artibartfast 3y ago
    Utilities have zero risk of bankruptcy from dropping prices. People need the power and pay the cost of transmission. The real problem they face is an inability to grow revenue with a cost+ model and dropping production costs. They have to be as inefficient as possible to drive up costs further, but this opens the door for competition that isn't playing this game. I think this decade will see many more municipalities getting into the game, and a huge regulatory fight as utilities try to stop them.