02-17-2021, 12:14 PM
A free market absolutely would solve the issue. Unfortunately that's not allowed. Even if you had the resources, you are not allowed to open up CaptUSA Edison tommorow and compete. Unfortunately, these monopolies are given their monopoly status for the "greater good". This social contract that was made on our behalf gives us a monopoly that can charge whatever it wants. In exchange, they're supposed to provide a reliable electrical grid that can handle an occasional cold spell. They can't tommorow decide to turn off your power and use their generating capacity to mine bitcoin for example. It doesn't matter that you didn't pay for tommorow's energy use yet. They absolutely owe you that power because you've been paying them to keep their power generation going. If I turn off my main breaker today and leave it off, I will still have to pay about $25 because they still charge you for the privilege of being able to sell you electricity.
This time it's a supply issue caused by green energy requirements. This resulted in a network that couldn't handle a cold spell. Usually, it's power lines on old wood poles falling down. At the end of the day it doesn't matter. The responsibility falls on them. That's the deal they made.
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