Deep inside is the secret: regulation.
"That makes it some of the cheapest electricity in the country — largely thanks to NYPA’s preferential rates for municipal utilities. "
It is not the miracle of socialism over capitalism I was hoping for
"That makes it some of the cheapest electricity in the country — largely thanks to NYPA’s preferential rates for municipal utilities. "
It is not the miracle of socialism over capitalism I was hoping for
There seem to be some socialists who are taking up the charge to expand this program but the original victory is all just public ownership. Rock bottom energy generation prices being passed on directly to the consumer instead of being sold to the highest bidder, amazing.
Privatisation of utilities has been fairly disastrous in the UK. I understand what you're saying but they're natural monopolies who have limited scope for innovation. They literally aren't really any different to roads or 'sidewalks'.
Probably the safest industry to put in the hands of the state, if you're going to do it.