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Originally Posted by rmay635703
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Very interesting. That explains a lot. Also seems to have the same error and profit system in place as the housing bubble and financial collapse. Reward the idiots / scam artists, and bail out their mistakes with citizens held hostage by systems "too big to fail".
The thing about investment is that it's supposed to carry risk, with the possibility of reward being tempered by the chance of failure. Stockholders should bear the burden of unwise investments, just as they profit from wise investments.
It would be neat if utility customers could organize to not pay their monthly bill for a certain period of time in protest, until the billing and financial risk were more appropriately provisioned.
To play devil's advocate though, it is very difficult to forecast expected demand a decade in advance, which is required when deciding to build out primary generating stations. You either have too much capacity, which translates to higher costs for the consumer, or you have too little capacity, which also translates to higher costs for the consumer. The Goldilocks of power generation is an impossibly elusive and moving target.