• orrk@lemmy.world
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    3 days ago

    why would market electricity prices have any relation to what you pay on your power bill? turns out that companies will charge whatever they know they can, regardless of the cost of acquiring something to sell, should the cost of something be more than they know they can sell it for, they just won’t sell it.

    The idea that market prices influence what you pay for something is basically one of the main lies of supply side economics.