alt Hacker NewsNo. The modern grid has little relation to capitalism. There is some private ownership, but there are massive government barriers to entry and massive regulation of the system.
No. The modern grid has little relation to capitalism. There is some private ownership, but there are massive government barriers to entry and massive regulation of the system.
Electric grid are excellent example of natural monopoly.
"An industry is a natural monopoly if a single firm can supply the entire market at a lower long-run average cost than if multiple firms were to operate within it."
https://en.wikipedia.org/wiki/Natural_monopoly