AMA – Breaking The Power Monopoly
Welcome to the Real Estate Espresso Podcast, your morning shot at what’s new in the world of real estate investing. I’m your host, Victor Menasce. Today is another AMA episode, that is, Ask Me Anything. I love to answer your questions, and if you think your question is of broad interest, send it in. I’ll answer it live on the air. Send your questions to Viktor at viktorjm.com.
Today’s question comes from Joseph, who asks, “This is somewhat a real estate question as well as a technology question that might be up your alley. Electricity is currently delivered to a house or business, monopolized by a single company in whatever territory it’s located. I’m sure there are government regulations, but they seem to do whatever they want. Every time I upgrade solar power on my house, I lose incentives, making it less profitable for me to recoup the costs of installation. Allowing someone to choose who delivers their electricity would make pricing more competitive, although I don’t know if that would even be possible with the analog delivery method. I appreciate your wisdom and insight.”
Let me start by saying, Joseph, this is a great question. I totally understand the perspective that competition can often drive lower prices for customers. However, the electricity sector is designed to be a controlled monopoly for several reasons…
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