Doesn’t work if you’re in most of California unless you have solar. Price fixing oil is bad, but you can switch to electricity for some uses. If everything is electric and electricity is a monopoly, it’s the worst possible situation.
There's a state monopoly on hydroelectricity in Québec and we pay the lowest rates in North America while Hydro-Québec pumps a billion dollars into provincial government coffers every year.
I’m not sure of the other two provinces mentioned, but in Ontario we pay artificially low rates for hydro (aka electricity) because the rates are subsidized.
I always thought it to be a ridiculous policy; show people the true cost of their usage and stop hiding taxes all over the place for everyone to make up the difference.
You can brag about low rates via monopoly, but someone else might be paying for em
As best I can tell[1], BCHydro isn't subsidized, unless you count the land usage grants from the province (but the water flow stability is useful for irrigation, so it has other benefits)
Either you generate it yourself or you pay. PG&E is not paying the third party electricity suppliers exorbitant rates, they're just charging enormous amounts for distribution. Without a political change, electricity will continue to be monopolized and extremely expensive.
So make or buy your own generator. Or better yet startup an energy supply company. That's the point of it never beeing monopoly. The market is ripe for entry.
So... the electric company can't become a monopoly because you can spend the money and effort to create your own electric company? How can that not be said for anything anywhere that becomes an obvious monopoly?
I think there are legal prohibitions on just putting up solar panels and going off the grid in CA. Like I said, it's the same cartel behavior over a different resource. You cannot start an energy supply company in California, only PG&E can supply power to people in California
So fix California's absurd energy policy. They "deregulated" by giving PG&E a monopoly, paid Enron an absurd ransom when Enron did what should have been considered fraud and made Californian's pay the state back, routinely harm individual solar owners, and refuse to give PG&E any reason to actually maintain their century old infrastructure that sits in a dry forest etc.
People repeatedly point at California fucking up "X" and then say "look how bad X is" ignoring that the other 48 states in the union (Texas also likes to find innovative ways to fuck things up) are doing various amounts of "alright" to "quite well actually" at "X".
For example, Maine also "deregulated" it's electricity sector in the 90s, and is only recently facing problems from the state sanctioned monopoly doing bullshit, and they have an actual excuse that we haven't built out new generation capacity since deregulation, and climate change means we have had an entire year of windstorms destroying the grid, including multiple storms taking out distribution to 1/3rd of the state.