I mean, they kinda of have to. I don't know that any data centers are running at a profit yet and that's even after they've switched to usage pricing; with the increased burn rate there's no way they can't raises price sooner rather than later.

ETA: but make no mistake, they will do anything they can to just make multiple smaller data centers that stay under the 20MW bend point. Maybe the economics will make sense, maybe it won't. Hopefully the 20MW and 30% figures involved some math by a bean counter to conclude the economics won't make sense.

velma@sh.itjust.works · 15 pts · 50d

Good shit

EntheoNaut@lemmy.ml · 14 pts · 50d (1 reply)

Proud of my state, mostly.

fyzzlefry@retrolemmy.com · 7 pts · 49d

Same, we drop the ball at times but overall I like where we're headed.

sagoglex@piefed.social · 12 pts · 49d

I mean theres only so much money can do. You cant have infinite growth on a finite planet. Water doesnt grow on money.

Marija_@programming.dev · 9 pts · 49d

Seems fair

wyldrstallyns@lemmy.dbzer0.com · 9 pts · 49d (2 replies)

My people 🥰

Atropos@lemmy.world · 4 pts · 48d (1 reply)

We're not perfect here, but we do make some good choices!

wyldrstallyns@lemmy.dbzer0.com · 2 pts · 48d

Hey. Speak for yourself. 🤪

blazeknave@lemmy.world · 4 pts · 50d

What had Steyer said his ideas for California were? He kept saying he was going to take on the power companies but can't recall policy papers.

BlackLaZoR@lemmy.world · -6 pts · 49d

This has nothing to do with "fair share" you people are deranged. This is simple cost and profit calculation

Onomatopoeia@lemmy.cafe · -9 pts · 50d (3 replies)

Lol, 1.3% is meaningless

So what did they do with the rest of the money?

ToastedRavioli@midwest.social · 26 pts · 50d (1 reply)

There are only so many data centers, so by hiking their rates 30% then they were able to reduce the already paid rate of probably 1.5M households by 1.3%. They didnt increase everyones rates 30% and then reduce it to 28.7% for the residential customer.

1.3% is pretty significant when youre talking about over a million accounts. Data centers use a ton of energy but thats a handful of accounts by comparison (or literally)

ripcord@lemmy.world · 10 pts · 50d

But nothing is good and everything sucks so this is invalid

DupaCycki@lemmy.world · 6 pts · 49d

Have you seen other power companies lowering prices instead of increasing them?