Whenever they have a spike in demand, the de-regulated prices go up by several hundred percent. Example

  • @[email protected]
    link
    fedilink
    14
    edit-2
    2 months ago

    A big part of that is it’s all state owned. Having private companies in charge of something as vital and important as energy infrastructure is just pure folly imo.

    • Pasta Dental
      link
      62 months ago

      Yeah 100%. the current government here has a tendency to do bad stuff and a big fear here is they will slowly make it more private owned. But I think that every essential service should be state owned. electricity, groceries, clothing, internet etc. We have too few companies here that share too much of the market

      • @[email protected]
        link
        fedilink
        12 months ago

        But I think that every essential service should be state owned. electricity, groceries, clothing, internet etc.

        I’m right there with you. To think our food security hinges on a bunch of fat cats and the stock market makes me nauseous. If I start talking about the telecom industry, I might just throw my phone. Change is long overdue.

        • Pasta Dental
          link
          22 months ago

          Telecom industry is so corrupt here it’s unbelievable they get away with it

    • Semi-Hemi-Lemmygod
      link
      fedilink
      English
      12 months ago

      I like how my state does it. The grid is managed by a public utility, but we can shop around for providers. The utility handles the billing, and switching providers is super easy. I’m paying 9.5¢/kWh for 100% renewable energy, which is about 10% cheaper than the base rate I’d pay if I just used the utility.