But why is it this way? Why wouldn’t they want to charge both groups more for a higher profit margin?
Comment on Home electricity bills are skyrocketing. For data centers, not so much.
JustARegularNerd@lemmy.dbzer0.com 4 days ago
Here’s the crux of the article for you.
In just two years, starting in 2022, residential electricity prices rose by 10%, while commercial prices increased by only 3%, and industrial electricity prices fell by 2%.
aaa@lemmy.zip 4 days ago
Nikelui@lemmy.world 3 days ago
Wouldn’t want to upset corporate overlords.
JohnEdwa@sopuli.xyz 3 days ago
Partly because doing so risks that they might decide to invest in their own production instead, and therefore not buy any electricity from you at all which would result in loss of demand and a reduction in overall electricity cost. Like how rising a bus ticket fare by 10% means you will lose some customers because they decide to walk instead, so your profit increase will be lower than that 10%. Raise it too much, and almost everyone walks, and you sell no tickets.
And it’s a lot harder to build your solar farm if you are a single person living in an apartment building.
MalMen@masto.pt 3 days ago
gallowshumor@lemmy.world 3 days ago
I don’t get it either. Electricity providers have a monopoly based on location. It’s not like I get to choose whose wires I want to hook up to, there’s one choice. So why would the power company choose to give anyone a deal? I get that during the planning stage they could be courting various locations but still I don’t really get it.
unwarlikeExtortion@lemmy.ml 3 days ago
It’s easier to screw over consumers than businesses.
Busunesses like to complain. They have long-term contracts. They have a lot of purchase power. They’re more likely tp swotch to a competitor. When they threaten, they’re more likely to go through with it. Since they have both money to burn and employees to blackmail with pay cuts.
Anmong other things.
trougnouf@lemmy.world 3 days ago
I pay 40c/kWh ^^’
morto@piefed.social 4 days ago
Even if you don’t like or use ai, you’re forced to pay for it