Comment on AI Electric Bills

spongebue@lemmy.world ⁨11⁩ ⁨hours⁩ ago

• slazer2au@lemmy.world ⁨11⁩ ⁨hours⁩ ago

  Don’t forget that when the bubble pops companies holding the bag will be trying to recoup their initial capital so the price won’t go down.

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  • spongebue@lemmy.world ⁨10⁩ ⁨hours⁩ ago

    I’m not sure about that. The way I see it, there will be more supply for the below-expectation demand, which would make prices go down

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    • obsoleteacct@lemmy.zip ⁨9⁩ ⁨hours⁩ ago

      They can turn off some generators and adjust the supply down for ideal revenue/profits, reduce staffing levels, and extend equipment life. There’s no reason for them to charge you $50 for something once you’ve told them you’ll pay $100 for it.

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      • spongebue@lemmy.world ⁨8⁩ ⁨hours⁩ ago

        Still nothing terribly new here. Energy has always had inelastic demand, meaning usage doesn’t change much with price. Whether gas costs 1, 3, or 5 dollars people still need to get to work and will still buy stuff. Maybe people will start to combine trips or whatever with higher prices, but nothing huge.

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    • slazer2au@lemmy.world ⁨10⁩ ⁨hours⁩ ago

      Ah, but you are forgetting about corporate greed and industry collusion.

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      • spongebue@lemmy.world ⁨9⁩ ⁨hours⁩ ago

        Which wasn’t a factor before? 😉

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