Definitely, they’re currently at the start of a death spiral… People move to renewable energy, so they raise rates, causing more people to move to renewable energy.
It’s not a tenable plan for much longer. Same plan as for cable television.
People cut the cord, which causes rates to go up for existing customers, which causes more people to cut the cord.
They’d better figure out a new business model. Solar and back up batteries aren’t going anywhere.
Definitely, they’re currently at the start of a death spiral… People move to renewable energy, so they raise rates, causing more people to move to renewable energy.
It’s not a tenable plan for much longer. Same plan as for cable television.
People cut the cord, which causes rates to go up for existing customers, which causes more people to cut the cord.
There’s incentive to move to solar and batteries to avoid the rate increases due to solar installations reducing billable power delivery.