this post was submitted on 03 Dec 2024
278 points (97.9% liked)
Technology
59772 readers
3115 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
California's energy regulator is fully captured by the private companies that "operate" the actual grid companies. Every time someone brings up prices the regulatory board agrees to raise them and let the owners walk away with the extra profit.
And from my understanding, after PG&E was held liable for their electrical lines causing deadly wildfires, they jacked the rates up even higher to cover the settlement costs.
Yup
Our energy provider is private too, though they need to ask the legislature to approve a rate hike.