They are probably doing it to attract and keep certain businesses and industries.
Residential utilities customers aren’t really aware or responding to the price of electricity. People have their engrained behavior when it comes to tech and rarely adjust that in response to price changes for electricity.
Another way of saying that demand is relatively inelastic.
They are probably doing it to attract and keep certain businesses and industries.
Residential utilities customers aren’t really aware or responding to the price of electricity. People have their engrained behavior when it comes to tech and rarely adjust that in response to price changes for electricity.
Another way of saying that demand is relatively inelastic.