Comment on AI Electric Bills

• spongebue@lemmy.world ⁨9⁩ ⁨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

  source

  • obsoleteacct@lemmy.zip ⁨7⁩ ⁨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.

    source

    • spongebue@lemmy.world ⁨6⁩ ⁨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.

      source

      • obsoleteacct@lemmy.zip ⁨3⁩ ⁨hours⁩ ago

        Exactly, so there’s never a reason to bring down the price. If anything you’d bring down the supply (e.g. Enron during the California energy crisis).

        source

        • -> View More Comments
  • slazer2au@lemmy.world ⁨9⁩ ⁨hours⁩ ago

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

    source

    • spongebue@lemmy.world ⁨8⁩ ⁨hours⁩ ago

      Which wasn’t a factor before? 😉

      source