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> In a way this is the market doing what it's supposed to. There's a shortage of electricity because of everyone doing electrification upgrades, so the price of
by callalex 3y ago
> In a way this is the market doing what it's supposed to. There's a shortage of electricity because of everyone doing electrification upgrades, so the price of electricity rises
PG&E electricity rates have absolutely nothing to do with free markets. The only thing setting PG&E rates is corruption and incompetence, but mostly corruption.
- nostrademons 3y agoCustomer choices in response to electric rates is absolutely free markets, though. I think that there's a lot wrong with the utility system in California (and the corruption actually incentivizes incompetence - the only way for executives to increase profits, make the stock go up, and get higher bonuses is to increase their costs, so PG&E is very good at inflating costs by doing stuff like burning down cities). But given that PG&E is as incompetent as they are, the logical market response is to make yourself as independent from them as possible.
- bagels 3y agoThey are using their lobbying power to prevent this. They want their cut regardless of service. Income based minimum monthly payment of $92/mo and nem 3 changes.
- super_moose1 3y agoElectricity in California is not a free market though. When I lived in Texas I could choose my electricity provider and see what different rates they charge for electricity to choose a provider. In California I can choose Edison for my electricity or have no electricity.
- coconut08 3y agofor there to be a market there needs to be competition.