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Virginia went all in on solar. Then its powerful utility changed the rules. After Dominion Energy required expensive upgrades, many solar projects were put on hold. (wapo.st)

submitted 5 months ago by silence7@slrpnk.net to c/energy@slrpnk.net

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[–] SturgiesYrFase@lemmy.ml 23 points 5 months ago (1 children)

This is why you shouldn't privatise utilities.....

[–] henfredemars@infosec.pub 20 points 5 months ago (2 children)

I don’t understand why people think privatization will improve services. Literally the concept of privatization is to enable system to maximize profits. Why is there this fantasy that more profits means better service for you?

[–] HeartyBeast@kbin.social 8 points 5 months ago

It can work where there is real competition. For natural monopolies, not so much.

Usually it happens because the state wants to sell off family silver to make some short term cash :(

[–] SturgiesYrFase@lemmy.ml 6 points 5 months ago

Because the trusting masses were sold the lie that the free market and trickle down economics would bring them wealth.