How to Fix Electricity Bills in America
Shift Key with Robinson Meyer and Jesse Jenkins
Default Rate Reflects True Costs
In areas without competitive retail options, the default rate for electricity must accurately reflect the true costs of production. This ensures that consumers are not overcharged for their electricity consumption. Introducing time-of-day pricing can also be beneficial in such areas, exposing consumers to different pricing structures and potentially increasing efficiency in energy usage. Alternatively, allowing competitive retailers to manage pricing can provide consumers with more options and flexibility. Despite the complexity of accurately determining costs, advancements in technology make it feasible to calculate and manage these costs effectively.
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