[Newsbot]

Title: Ontarians just signed up for more expensive, unreliable electricity they don�t need | Financial Post
Category: Provincial Politics
Posted By: shockedcanadian
Date: 2016-03-17 12:30:12
Canadian

[shockedcanadian]

What, me worry? It's just Ontario and debt. Ho hum.

[uwish]

Life in Alberta won't be getting any better soon now that there is a mandate for 'green energy' that is not efficient and horribly overpriced. Currently in Calgary with Enmax I pay about $0.06 kw/hr which is a good price, but then you add in rate riders, distribution fees, access fees and my favorite, variable admin fees and my actual usage of ~ $75 climbs to well over $150! that's right, in Alberta my bill is always DOUBLE my actual usage. With the new NDP green initiative I expect my rate to go from ~$0.06 to &0.15 Kw/hr and there will be massive new 'fees' associated with it.

[Lemmy]

Increasing supply will do what to price? Bueller? Bueller?

[2Cdo]

Lemmy Lemmy:

Increasing supply will do what to price? Bueller? Bueller?

Ontario has a surplus and we still get price increases. So much for that theory, doesn't seem to apply in Liberal Ontario. Or is it still Mike Harris's fault?

[Lemmy]

That's just the thing, it isn't anyone's fault. It's the way it is.

[BartSimpson]

Lemmy Lemmy:

Increasing supply will do what to price? Bueller? Bueller?

Yes, but government is involved so the normal rules don't apply.

Example: In California we've been getting hammered with propaganda about the drought the past few years and we've been told to conserve. In most places the goal was to cut back water use by 25%.

This being California several cities that are not populated by liberal elites turned around and cut back by close to 40%.

Good, right? People should save on water and then save on their water bills, too.

Nope.

Government water agencies are now bemoaning the loss of expected revenues and they're all raising water rates so they can get their budgets back to where they had been.

Ditto with you folks. If people respond to higher electric prices by cutting back then revenues will dip and the shitstains will demand higher prices yet again so they can all keep their jobs and pensions.

Again, another reason why I'm pissed off and voting for Trump.

[Prof_Chomsky]

BartSimpson BartSimpson:

Lemmy Lemmy:

Increasing supply will do what to price? Bueller? Bueller?

Yes, but government is involved so the normal rules don't apply.

Example: In California we've been getting hammered with propaganda about the drought the past few years and we've been told to conserve. In most places the goal was to cut back water use by 25%.

This being California several cities that are not populated by liberal elites turned around and cut back by close to 40%.

Good, right? People should save on water and then save on their water bills, too.

Nope.

Government water agencies are now bemoaning the loss of expected revenues and they're all raising water rates so they can get their budgets back to where they had been.

Ditto with you folks. If people respond to higher electric prices by cutting back then revenues will dip and the shitstains will demand higher prices yet again so they can all keep their jobs and pensions.

Again, another reason why I'm pissed off and voting for Trump.

As bad as that looks, at least it's not privatized. I'd rather pay what the commodity is worth as an essential service, than what some private corporate decides I should pay... which would be basically any price they decided on given it's essential to life.

Nothing is perfect. But 100% of the time you privatize an essential service, prices rise... dramatically.

[OnTheIce]

Lemmy Lemmy:

Increasing supply will do what to price? Bueller? Bueller?

Can you explain how we've increased supply and yet prices have continued to increase?

[Thanos]

BartSimpson BartSimpson:

Lemmy Lemmy:

Increasing supply will do what to price? Bueller? Bueller?

Yes, but government is involved so the normal rules don't apply.

Example: In California we've been getting hammered with propaganda about the drought the past few years and we've been told to conserve. In most places the goal was to cut back water use by 25%.

This being California several cities that are not populated by liberal elites turned around and cut back by close to 40%.

Good, right? People should save on water and then save on their water bills, too.

Nope.

Government water agencies are now bemoaning the loss of expected revenues and they're all raising water rates so they can get their budgets back to where they had been.

Ditto with you folks. If people respond to higher electric prices by cutting back then revenues will dip and the shitstains will demand higher prices yet again so they can all keep their jobs and pensions.

Again, another reason why I'm pissed off and voting for Trump.

Kind of like how people who do what they're told is the green thing and install solar panels on their property never see a price drop. Or the utilities that peddle as much influence as possible among local politicians so solar sees a massive amount of fees, surcharges, and riders attached to it so installing/using it becomes massively more expensive than retaining coal or oil for electrical generation ever could be.

Tell you one thing on what it means to be a "good" citizen then shove in the knife as deep as they can on anyone who takes them up on what they've been saying about going green. Nope, nope, nothing to see here folks.

[Lemmy]

OnTheIce OnTheIce:

Can you explain how we've increased supply and yet prices have continued to increase?

Because electricity is not being priced by the market. There are two prices at play: the market price and the price the government charges the consumer. That 2nd price is well below the market price because tax dollars are being used to subsidize your electricity bill. The government is paying the difference between the market rate and the price they're charging you. If enough supply is added, however, then price would fall to the point where maybe the government could stop paying half of everyone's bill for them. Adding supply is definitely moving the market price in the right direction.

[peck420]

Lemmy Lemmy:

Increasing supply will do what to price? Bueller? Bueller?

Nothing.

Supply vs demand has negligible effects on monopolies and oligarchies.

[Lemmy]

peck420 peck420:

Nothing.

Supply vs demand has negligible effects on monopolies and oligarchies.

Say what?

[peck420]

Lemmy Lemmy:

Say what?

Supply has a negligible effect on market prices in monopolies and oligarchies.

Which, you specifically, should be extremely well aware of.

All of Canada is operated, in the electricity production sector, as oligarchies or monopolies, dependent on Province or Territory.

[Lemmy]

peck420 peck420:

Supply has a negligible effect on market prices in monopolies and oligarchies.

Where'd you ever get that notion?

peck420 peck420:

Which, you specifically, should be extremely well aware of.

All of Canada is operated, in the electricity production sector, as oligarchies or monopolies, dependent on Province or Territory.

Yes. Every other aspect of your post, however, is completely wrong.