CryptoRaffi

CryptoRaffi t1_j66eb2c wrote

Everscource and other power companies met before the hikes and agree they all up the rates then the gov approves it for most likely nice campaign contributions or other perks who knows.
Everscource then ups the delivery rate if costumers change to the companies that charge a little less as we all know they OWN the damn lines. All of them where I live in NH.
In Europe they capped the price of electricity so THIS could not happen. Gas companies made record profits, just like in this country, but over the the gov stepped in to help the people, not approve something to financially burden them even more.
https://ctexaminer.com/2022/02/17/eversource-reports-more-than-1-2-billion-in-profits-for-second-consecutive-year/

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CryptoRaffi t1_j64gb05 wrote

thank you for the info, but it doesn't changes anything else I pointed out. Why the hell can they do that? Why does the government call in any tech company over monopoly issues but a company that controls the only electric poles and charges whatever the hell its wants is... emm... ok???

They even have meetings to agree on price hikes with other electric companies? If this were stocks, this would be illegal.

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