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My main issue is that electricity prices are not going to reflect the reduction in costs to the consumer, and instead, between stagnant companies fighting decen
by arca_vorago 11y ago
My main issue is that electricity prices are not going to reflect the reduction in costs to the consumer, and instead, between stagnant companies fighting decentralization via corruption of local politics and big monopolies taking over, electricity will be high as ever.
A good example is my local town, where the city council are all bought out, don't even rely on the single electricity provider because they live in a different part of the city, but still keep voting on jacking up prices more and more all while the electrical company that was originally a publicly owned company, (pushed private by our congresscritter), is probably the most hated entity in town for it's shady business practices and constant rate hikes.
(For example, last summer they said they underbilled in May, but didn't catch it till June, and then added the new "back-owed" charges at the new rates in July, one of the hottest times of the year, handily raking in tons more money than they would have. No one did a thing because all our politicians are corrupt. Of course this is in one of the most conservative towns in America, where everyone pays jingoistic lip-service to "family values" like "honesty", but when it really comes down to it we're just as bad as the beltway.)
- pakled_engineer 11y agoPublic isn't much better, here in Canada the corrupt kleptocrats running my province clean out the profits of the public hydro corp which disappear into general revenue, so the corp has to increase rates every year as they have no way to save any income, and are increasing filled with more crony management positions with sky high salaries.