#electricityprices — Public Fediverse posts

Petition to ban bitcoin in Europe over energy use sets off heated debate

An online petition is reviving a familiar fight over bitcoin in Europe. The initiative questions whether the world’s…
#Europe #EU #bitcoinmining #cleanenergy #electricityprices #environmentalimpact #European #Fossilfuels #onlinepetition
https://www.europesays.com/europe/62341/

Wholesale #electricityprices in the PJM Interconnection area, covering 67 million people in 13 states, have #surged by nearly 76% due to the high demand from #AIdatacentres. The report warns that the current #powersupply is insufficient to meet this demand, leading to irreversible higher transmission, energy, and capacity market prices. https://gizmodo.com/power-prices-in-eastern-u-s-spike-76-thanks-to-ai-data-centers-2000759230?eicker.news #tech #media #news

The best possible solution to the energy price situation in Australia is to abolish the retailers, metering providers, and meter data providers.

Consumers have been sold the idea that breaking up the electricity network into tiny chunks will result in lower prices for everyone. Instead, #capitalism means that each company in these completely artificial industries is extracting the most possible "value" (ie revenue) from customers for this. There is no meaningful competition in the space, and none of this has resulted in lower prices for consumers.

The energy network is a natural #monopoly, and as an #essential service, it is best that it be owned by the public.

#electricity #ElectricityBills #ElectricityPrices #EssentialService