this post was submitted on 16 Sep 2023
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[–] Ktest@feddit.uk 22 points 1 year ago (3 children)

And we’ll see that trickle down through the rest of the economy and not just go into the bank accounts of the executives… right?

I bet they'll increase investment in renewables as well though

At least renewables, unlike coal, you can take advantage of for yourself. Rooftop solar pays for itself.

[–] JackSkellington@lemmy.world 18 points 1 year ago (1 children)

Haven’t noticed anything on my bills… business as usual

[–] Buffaloaf@lemmy.world 7 points 1 year ago

Where I live the power company wants a 30% increase because, according to them, the price of natural gas has been too volatile. Yet the conservative consumers are blaming it on renewables.

[–] PaulDevonUK@lemmy.world 11 points 1 year ago (1 children)

My electricity statement showed the second rate reduction in 2 months. This would explain why.

Somehow I doudt that I received the full benefit but at least it went down which is more than I can say about petrol prices.

Yep, oil price has been pushed up by OPEC production cuts. The sooner we can electrify and get off fossil fuels the better

[–] FlyingSquid@lemmy.world 4 points 1 year ago (1 children)

You mean if you eliminate a major part of your supply chain, you make more money? And they never thought of this before?

They've maximised the efficiency of getting a barrel of oil out of the ground.

Renewables will keep getting cheaper though.

[–] Mojojojo1993@lemmy.world 3 points 1 year ago (3 children)

Fuck if we did.

Power companies need to be in the hands of the people. Communist this shit up. They do not require to be for profit.

[–] brlemworld@lemmy.world 2 points 1 year ago* (last edited 1 year ago) (1 children)

You are thinking of socialism, not communism. Citizens share ownership of property with socialism. Communism - property is owned by the state. Give should seize control and give to citizens in something like a Co-op.

[–] Mojojojo1993@lemmy.world 1 points 1 year ago

Ok. Whichever is best in this regard then

[–] bernieecclestoned@sh.itjust.works 2 points 1 year ago (1 children)

Or just tax them accordingly

[–] Edgelord_Of_Tomorrow@lemmy.world 1 points 1 year ago (1 children)

You can install more power than you'll ever need on your roof and take advantage of this yourself

[–] Mojojojo1993@lemmy.world 1 points 1 year ago (1 children)

Which is great for home owners. Doesn't work for renters and apartment buildings

[–] Edgelord_Of_Tomorrow@lemmy.world 1 points 1 year ago (1 children)

Don't let perfect be the enemy of better.

[–] Mojojojo1993@lemmy.world 1 points 1 year ago

Absolutely but we as humanity should be looking to benefit all. But I agree. Solar should be shared out. Local community grids