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

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[–] 14 points 2 years ago* (2 children)

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.

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  • [–] 6 points 2 years ago (1 child)

    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

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  • [–] 1 point 2 years ago (1 child)

    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.

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  • [–] 1 point 2 years 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.

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