> it seems the tech behind electricity has no moat Sure it does. You have to run a separate set of wires to each house to compete at the retail level. There ha

> it seems the tech behind electricity has no moat Sure it does. You have to run a separate set of wires to each house to compete at the retail level. There have been regions which had two competing phone systems in the past, and there are areas which have two competing fiber systems now. But that's rare.