Why are utilities privatized?

Our energy provider increased our rates, then reported record breaking profits the next year. :(

(US)

Nah. They would be 50-60% cheaper if;

1. They required the choice between two different administrators.
2. They were ran as non profit (private equity is ruining utilities currently).

That's why republicans hate it.

It sounds evil and simplistic, and it is, but these are evil and simplistic people we're talking about.

"Oh, new innovations in technology can help consumers pay less to power their homes? We can't have that! It would affect the profits of my friends Oil Baron and Coal Baron."

Not really, I live in a country where green energy keeps going up but so does the electricity prices. You have to believe in Santa if you think the savings ever reach the consumer.

Solar is so cheap now, that some people can just build their own solar and battery setup themselves.

Would also be cheaper if the government owned the energy infrastructure and ran at cost.

Will they really though?

Have you looked at your power bill and seen how much of the bill is not power consumption?

We have also seen multiple times where the wholesale price of electricity is below zero yet consumers are still paying for power during those times.

Or the quicker way: the government nationalises all power companies, and sold electricity for cheap... Because it's necessary.... For society...

Government should be for the people not for the corporations

Where I live in Scotland about 73% of electricity generated come from renewables (mostly wind and hydro). I'm hugely in favour of this, but the bills keep rising.

I firmly believe the utility companies should be nationalised. I'm not against capitalism per se, but the current setup is a racket.

Yes but how would the fascists get kickbacks and bribes then? That's a big chunk of their income. Won't someone think of the oligarchy???

Why not nuclear?

Clearly this sub haven't seen this video from Technology Connections. It breaks it all down for you step by step why the statement is true.

Cheaper utilities was never the goal

New data centers should have to pay on a sliding scale based on energy availability in the local grid. And if they want to build out generation it should be solar and wind only.

Spain invested in green energy and I am paying a shit ton on utility bills.

I feel like the reason is obvious. Maybe it is just me.

In the end, green energy will win. It's already happening even though, right now, the black energy lovers are doing everything to pull the brakes on green energy. They will not be able to hold on to their power forever and many countries are already investing heavily in green energy. It's only a matter of time.

Technology Connections has a video on it...
But i doubt bills would go down; it's just that line would go up.

Well, they could be cheaper.

Or the power company -- the only one you're allowed to do business with -- could lower their production costs but leave your rates the same, pocketing the difference as profit.