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> it has literally zero incentive to be cheap Do private utilities have any incentive to be cheap? The reason we have utility regulations in the first place i
by cogman10 2y ago
> it has literally zero incentive to be cheap
Do private utilities have any incentive to be cheap?
The reason we have utility regulations in the first place is because utilities are natural monopolies with literally zero incentive to be cheap. On the contrary, they are highly incentivized to push up prices as much as possible because they have their customers over a barrel.
- ssl-3 2y agoUtilities do have incentive to be cheap as long as there are is the presence of competing offerings and the lack of collusion. ...which is unusual with many utilities, but is also pretty common with wireless carriers in much of the world.