this post was submitted on 03 Dec 2024
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292
Australia struggling with oversupply of solar power (www.abc.net.au)
submitted 2 weeks ago by [email protected] to c/[email protected]
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[–] [email protected] 3 points 2 weeks ago (2 children)

California's energy regulator is fully captured by the private companies that "operate" the actual grid companies. Every time someone brings up prices the regulatory board agrees to raise them and let the owners walk away with the extra profit.

[–] [email protected] 2 points 2 weeks ago

Our energy provider is private too, though they need to ask the legislature to approve a rate hike.

[–] [email protected] 2 points 2 weeks ago (1 children)

And from my understanding, after PG&E was held liable for their electrical lines causing deadly wildfires, they jacked the rates up even higher to cover the settlement costs.