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%.
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 the threats since they have both money to burn and employees to blackmail with pay cuts.
Among other things.
There’s a lot of consumers, so those that do jump ship usually don’t cause a big dent in profits when they do. Consumers are also less likely to jump ship in the furst place since they have only their extended family and their family lawyer to look out for them (if). They usually have “bigger” problems than the electricity bill: car payments, mortgages, school bills, you name it.
Here’s the crux of the article for you.
Even if you don’t like or use ai, you’re forced to pay for it
But why is it this way? Why wouldn’t they want to charge both groups more for a higher profit margin?
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 the threats since they have both money to burn and employees to blackmail with pay cuts.
Among other things.
There’s a lot of consumers, so those that do jump ship usually don’t cause a big dent in profits when they do. Consumers are also less likely to jump ship in the furst place since they have only their extended family and their family lawyer to look out for them (if). They usually have “bigger” problems than the electricity bill: car payments, mortgages, school bills, you name it.
Again, among other things.
I pay 40c/kWh ^^’
But why is it this way? Why wouldn’t they want to charge both groups more for a higher profit margin?