Partly because doing so risks that they might decide to invest in their own production instead, and therefore not buy any electricity from you at all which would result in loss of demand, and a reduction in overall electricity cost.
Like how rising a bus ticket fare by 10% means you will lose some customers because they decide to walk instead, so your profit increase will be lower than that 10%. Raise it too much, and almost everyone walks, and you sell no tickets.
And it’s a lot harder to build your own solar or wind farm if you are a person living in an apartment building.
I don’t get it either. Electricity providers have a monopoly based on location. It’s not like I get to choose whose wires I want to hook up to, there’s one choice. So why would the power company choose to give anyone a deal? I get that during the planning stage they could be courting various locations but still I don’t really get it.
Connecticut, Delaware, Illinois, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Rhode Island, and Texas all have deregulated markets which allow for it.
California, Georgia, Michigan, Oregon, and Virginia have partially deregulated markets.
Wouldn’t want to upset corporate overlords.
Partly because doing so risks that they might decide to invest in their own production instead, and therefore not buy any electricity from you at all which would result in loss of demand, and a reduction in overall electricity cost.
Like how rising a bus ticket fare by 10% means you will lose some customers because they decide to walk instead, so your profit increase will be lower than that 10%. Raise it too much, and almost everyone walks, and you sell no tickets.
And it’s a lot harder to build your own solar or wind farm if you are a person living in an apartment building.
@JohnEdwa @Nikelui that make sense…
I don’t get it either. Electricity providers have a monopoly based on location. It’s not like I get to choose whose wires I want to hook up to, there’s one choice. So why would the power company choose to give anyone a deal? I get that during the planning stage they could be courting various locations but still I don’t really get it.
The company that maintains the lines is typically not the same company that generates the power. That’s why you can shop for electricity providers.
Who can ship for electricity?
I have literally never heard of this anywhere.
It’s like Internet. You get one provider who puts wires up to your home. That’s it. Don’t like it? Good luck physically moving your home elsewhere.
Connecticut, Delaware, Illinois, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Rhode Island, and Texas all have deregulated markets which allow for it.
California, Georgia, Michigan, Oregon, and Virginia have partially deregulated markets.
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