It's also everything else, especially the monopoly on transmission.
Energy is a supply and demand game like everything else.
'Hydro One' in Ontario has a CEO, workers, and a quasi monopoly.
On what planet would they, in all self-interest ever decide to lower rates for something?
If energy prices went down a little bit, they could actually increase their transmission prices, lower end prices to users by a tiny fraction, and that's that. That's how a value chain monopoly works.
Getting rid of the transmission problem, at lest for 'last mile' would be a giant leap.
> On what planet would they, in all self-interest ever decide to lower rates for something?
In Ontario electricity rates are one of the biggest political footballs. Every election there's a stupid electricity rate promise from every party. That's how rates will go down in Ontario.
It's also everything else, especially the monopoly on transmission.
Energy is a supply and demand game like everything else.
'Hydro One' in Ontario has a CEO, workers, and a quasi monopoly.
On what planet would they, in all self-interest ever decide to lower rates for something?
If energy prices went down a little bit, they could actually increase their transmission prices, lower end prices to users by a tiny fraction, and that's that. That's how a value chain monopoly works.
Getting rid of the transmission problem, at lest for 'last mile' would be a giant leap.