I didn't express myself correctly.
The analogy is false.
Domestic electricity is priced per kWh, wholesale electricity is priced per kWh, the latter is, as a rule, cheaper. It is not fixed vs variable rate.
> Domestic electricity is priced per kWh
> wholesale electricity is priced per kWh
> the latter is, as a rule, cheaper.
I think you’re missing some detail. Why do two things that are “priced per kilowatt hour” have to have different prices?
> Domestic electricity is priced per kWh
> wholesale electricity is priced per kWh
> the latter is, as a rule, cheaper.
I think you’re missing some detail. Why do two things that are “priced per kilowatt hour” have to have different prices?