show me when was last time that price of electric went down for the end consumer?
I didn’t say price of electricity would go down. I was talking about the price to produce and maintain nuclear plants would go down.
Considering that electricity usage overall is on an upward trend, especially with things like electric cars becoming more and more mainstream. Also with things like inflation being a thing… It would be stupid to think that prices would ever straight up come down. However the cost to maintain more production could stifle/stunt how fast the prices increase.
Also… At my last house. Our electrical company rebated a not insignificant amount of money to each house based on usage for the year due to costs coming down for some stuff. So… about a year and a half or maybe 2 years ago for me personally?
Not sure why you’d expect prices to go down at all though when society/government is also pressuring the electrical companies to install “renewables” by the boatloads as well. There’s costs associated with all that. The money has to come from somewhere.
I had this argument on nextdoor a few weeks back. Our local electric utility made some 500million in “profit”. But have a mandate to be 60% renewable by 2028, and something like 80% by 2030, which 100% some time after that. If you do the math on how much the coal/nat oil plants produce, and estimate a cost for a solar farm… You realize that while it’s a profit this year… it won’t be a profit over time, virtually all (the math came out to like 93% of it) needs to get earmarked and put towards solar to get to those renewable mandate numbers. So yes. costs are going to keep going up if people like you act like nuclear getting spun up is a sin.
Edit: clarity
Edit: what is with this trend on lemmy the past few months of picking one specific sentence and ignoring the context of the rest of the fucking post? I even talk about “at scale”. It’s not hard to look at my post and think of supply/demand economics. Demand being super low because we only have handful of nuclear plants mean that a lot of suppliers just aren’t around anymore. As demand goes up, in the short term market will demand price to go up. But eventually demand will continue to increase where there is a supply void and new production will come as long as other factors don’t kill it. And Production at larger scales is ALWAYS more economical. This is literally econ 101 type shit.
Yes, cost is going up because people expect mega corps to pay for their infrastructure investment lol
So you think that companies don’t pay for electricity? That they’re not part of the “profits” the electrical company has on the books?
Man… I wish I could just get free electricity for my company. Oh… and I pay higher rates at my commercial space for less usage than I do residentially.
But right! That’s companies somehow getting some freebie from “the people”.
Oh, and you continue to ignore my point as well, so I’ll ask it again… If there are more nuclear plants… thus more production for things used to create and maintain nuclear plants. Will the cost to produce MORE nuclear energy go down?
Microsoft is demanding US taxpayer provide loans to bring this plant online. It has been sitting there for 50 years…
They pay lower rate than the people who pay for the planet.
What sort of clown capitalist regime is this? And why are taxpayers so receptive to such arrangement.
If this is such a good deal, why does not microsoft just pay for its own capital expenditure?
This is just basic capitalism. You keep pointing out to some big picture benefits like a lobby clown in DC asking for money but look US grid capacity will increase and “we” will create jobs 🤡
I am not against nuclear, or infrastructure. I never made that claim. I am against taxpayer paying for some dude’s pet project…
In March, the Palisades Nuclear Plant in Michigan got a loan guarantee from the US Department of Energy’s Loan Programs Office to the tune of over $1.5 billion to help restart.
Constellation signs its largest-ever power purchase agreement with Microsoft, a deal that will restore TMI Unit 1 to service and keep it online for decades; add approximately 835 megawatts of carbon-free energy to the grid; create 3,400 direct and indirect jobs and deliver more than $3 billion in state and federal taxes
Nowhere is it Microsoft demanding anything. It’s the owners of the power plant itself that got the LOAN (loans get repayed btw… in case you’ve forgotten what the word means). And it’s easily identified that the workforce increase in skilled labor means more taxpayers paying more money to taxes. And look at that! the added state and federal revenue will 2x the loan amount YEARLY.
So can you answer the fucking question now?
Oh, and you continue to ignore my point as well, so I’ll ask it again… If there are more nuclear plants… thus more production for things used to create and maintain nuclear plants. Will the cost to produce MORE nuclear energy go down?
Edit: to drill the point home though… let’s say government bad, lets spend little as possible (which I’m generally whole-heartedly for)… 1.5 billion to make 3,400 high paying jobs for 30+ years… That’s a fucking no brainer spend. You should WANT this spending. There’s lots of shit to complain about with the government. Providing a loan that will be paid back that will make THOUSANDS of highly skilled jobs… This ain’t it chief.
So if project fails, taxpayer pays? thank you, daddy
Nice set up ;)
Do you think feds would have provided this loan guarantee if microshit did not lobby?
Clown capitalism at work.
Oh, and you continue to ignore my point as well, so I’ll ask it again… If there are more nuclear plants… thus more production for things used to create and maintain nuclear plants. Will the cost to produce MORE nuclear energy go down?
I trust you bro… i expect further hand outs to be demanded from taxpayer as this project progress.
Something about that nuclear plant in GA, at least that was an earnest try.
again i have zero problem with this refurbishment. my issue is taxpayer subsidy of corpo’s capex.
If project so good, why can’t they fund it themselves. Why are we socializing this risk for Microshi data centers?
Just feds should just build and operate nuclear plants themselves, they fucking pay for all of it anyway.
But nahh, we pay for them, then they price gouging households with high rates while providing subsidies for industrial use.
One day taxpayers will wake up to this extractive regime, i guess until then got to keep highlighing how silly this arrangement is in a country that can’t provide a basic social services to taxpayers lol
Always check the money flow folks, that’s where the real story is.
show me when was last time that price of electric went down for the end consumer?
Microshit gets industrial rates which are lower than what households pay. Why are household paying for microshit’s CapEx?
I didn’t say price of electricity would go down. I was talking about the price to produce and maintain nuclear plants would go down.
Considering that electricity usage overall is on an upward trend, especially with things like electric cars becoming more and more mainstream. Also with things like inflation being a thing… It would be stupid to think that prices would ever straight up come down. However the cost to maintain more production could stifle/stunt how fast the prices increase.
Also… At my last house. Our electrical company rebated a not insignificant amount of money to each house based on usage for the year due to costs coming down for some stuff. So… about a year and a half or maybe 2 years ago for me personally?
Not sure why you’d expect prices to go down at all though when society/government is also pressuring the electrical companies to install “renewables” by the boatloads as well. There’s costs associated with all that. The money has to come from somewhere.
I had this argument on nextdoor a few weeks back. Our local electric utility made some 500million in “profit”. But have a mandate to be 60% renewable by 2028, and something like 80% by 2030, which 100% some time after that. If you do the math on how much the coal/nat oil plants produce, and estimate a cost for a solar farm… You realize that while it’s a profit this year… it won’t be a profit over time, virtually all (the math came out to like 93% of it) needs to get earmarked and put towards solar to get to those renewable mandate numbers. So yes. costs are going to keep going up if people like you act like nuclear getting spun up is a sin.
Edit: clarity
Edit: what is with this trend on lemmy the past few months of picking one specific sentence and ignoring the context of the rest of the fucking post? I even talk about “at scale”. It’s not hard to look at my post and think of supply/demand economics. Demand being super low because we only have handful of nuclear plants mean that a lot of suppliers just aren’t around anymore. As demand goes up, in the short term market will demand price to go up. But eventually demand will continue to increase where there is a supply void and new production will come as long as other factors don’t kill it. And Production at larger scales is ALWAYS more economical. This is literally econ 101 type shit.
Crux of my thesis which you ignored
Yes, cost is going up because people expect mega corps to pay for their infrastructure investment lol
So you think that companies don’t pay for electricity? That they’re not part of the “profits” the electrical company has on the books?
Man… I wish I could just get free electricity for my company. Oh… and I pay higher rates at my commercial space for less usage than I do residentially.
But right! That’s companies somehow getting some freebie from “the people”.
Oh, and you continue to ignore my point as well, so I’ll ask it again… If there are more nuclear plants… thus more production for things used to create and maintain nuclear plants. Will the cost to produce MORE nuclear energy go down?
Microsoft is demanding US taxpayer provide loans to bring this plant online. It has been sitting there for 50 years…
They pay lower rate than the people who pay for the planet.
What sort of clown capitalist regime is this? And why are taxpayers so receptive to such arrangement.
If this is such a good deal, why does not microsoft just pay for its own capital expenditure?
This is just basic capitalism. You keep pointing out to some big picture benefits like a lobby clown in DC asking for money but look US grid capacity will increase and “we” will create jobs 🤡
I am not against nuclear, or infrastructure. I never made that claim. I am against taxpayer paying for some dude’s pet project…
… You understand so little.
Here you go.
https://www.technologyreview.com/2024/09/26/1104516/three-mile-island-microsoft/
https://www.constellationenergy.com/newsroom/2024/Constellation-to-Launch-Crane-Clean-Energy-Center-Restoring-Jobs-and-Carbon-Free-Power-to-The-Grid.html
Nowhere is it Microsoft demanding anything. It’s the owners of the power plant itself that got the LOAN (loans get repayed btw… in case you’ve forgotten what the word means). And it’s easily identified that the workforce increase in skilled labor means more taxpayers paying more money to taxes. And look at that! the added state and federal revenue will 2x the loan amount YEARLY.
So can you answer the fucking question now?
Edit: to drill the point home though… let’s say government bad, lets spend little as possible (which I’m generally whole-heartedly for)… 1.5 billion to make 3,400 high paying jobs for 30+ years… That’s a fucking no brainer spend. You should WANT this spending. There’s lots of shit to complain about with the government. Providing a loan that will be paid back that will make THOUSANDS of highly skilled jobs… This ain’t it chief.
So if project fails, taxpayer pays? thank you, daddy
Nice set up ;)
Do you think feds would have provided this loan guarantee if microshit did not lobby?
Clown capitalism at work.
I trust you bro… i expect further hand outs to be demanded from taxpayer as this project progress.
Something about that nuclear plant in GA, at least that was an earnest try.
again i have zero problem with this refurbishment. my issue is taxpayer subsidy of corpo’s capex.
If project so good, why can’t they fund it themselves. Why are we socializing this risk for Microshi data centers?
Just feds should just build and operate nuclear plants themselves, they fucking pay for all of it anyway.
But nahh, we pay for them, then they price gouging households with high rates while providing subsidies for industrial use.
One day taxpayers will wake up to this extractive regime, i guess until then got to keep highlighing how silly this arrangement is in a country that can’t provide a basic social services to taxpayers lol
Always check the money flow folks, that’s where the real story is.