Anything cheaper for the consumer means less profit, which means less money for bribes, which means the GOP is against it
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[ cries into green but super expensive Romanian electric bill ]
Energy is cheaper where the government has a public alternative. That goes for all utilities and services.
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.
If the state of the Scottish energy grid is comparable to mainland Europe, then the prices go up due to increasing cost of infrastructure.
Renewables are a lot cheaper per kWh, but require a substantialy higher up front cost in infrastructure due to their decentralized nature.
Before renewables, the electricity only ever flowed in one direction, from the power plant down to the consumers. A few centralised main powerlines could deliver most of that.
With the increase in renewables that suddenly isn't true anymore. Smal villages often are net positive, we've reached a point where even the medium voltage grid of entire regions is net positiv and the energy has to be transported somewhere else, sometimes even outside the country.
All this requires substantially more powerlines (or at least thicker ones, so still new cables). But more importantly, devices to measure the current load of the grid at all times and modernized equipment that can remotely be operated to respond to variing load.
Not to say that we should stop building renewables. All this infrastructure will be needed eventually eather way, but at least in the short term, investments will be needed regardless.
Also the 'price cap' in the UK mainly just guarantees a minimum percentage profit added on top of what is otherwise a bunch of assumptions largely provided by the energy companies.
Then some how their costs almost always come in under the assumed numbers increasing their profit further, they don't need to innovate cos their money is guaranteed.
Also the profit percentage added went up recently, because...
Water is essential to living.
Electricity is mostly essential.
Why these two utilities are privately owned is beyond me.
To pay dividends to shareholders whilst you let the utility degrade to the point where the government steps in to bail you out anyway. Perfect investment.
I really should have started a monopoly, that is 0 risk 100% reward. I mean just take the money from the government, give myself a huge bonus, and then when there is no infrastructure upgrades done, say whoops, its too expensive, get more money from the government, rinse and repeat!
Public necessaries like energy, water, public transport etc should never have been handed over to companies to begin with in my opinion.
Yeah honestly even if we were at 100% renewables, the price has been set and people are used to it now. No company is going to voluntarily start discounting unless more competition enters the market to start a price war. So far most of the energy "competition" has gone bust.
Technology Connections has a video on it...
But i doubt bills would go down; it's just that line would go up.
At this point we should call it embezzlement instead of investment
Government should be for the people not for the corporations
In many cities in America, private companies threaten cities demanding that they get paid to expand, or else they'll leave.
Comcast demanded they get city investments to expand wifi to more of the city and even promised free wifi to public places. And after millions of city dollars given, they said, "nevermind".
It should be but here we are.
But your not thinking of the poor poor oil execs whom won't get their return on their ~~bribe~~ invenstment made to their super PAC.
Super PACs are so 2012. In 2024 SCOTUS ruled that officials are allowed to accept "gratuities" so long as they don't directly say it's a bribe.
Unless it's for the President. Then they can just say it's a bribe.
I forgot about those rulings. This SCOTUS is really set to mess up a lot in the coming decades. Hopefully, it can be reigned sooner rather than later
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.
In the end all energy sources will win as energy demands continue to rise.