Re:Analysis: Texas power outage leaves officials working pol...
by Retric on Wednesday February 17, 2021 @10:11PM
(#26175100)
No, the cost to produce electricity is largely independent of the value people receive from it.
Differences in incentives are why hospitals for example have backup generators. They might be paying 100x as much to get power from a generator for a few hours a year, but losing power would cost them vastly more.
That said, individual consumers are going to have their own personal preferences. For some people saving 10c a month on their monthly electric bill might be worth a once in a decade power outage. Some might even agree to save 1c/month.
Differences in incentives are why hospitals for example have backup generators. They might be paying 100x as much to get power from a generator for a few hours a year, but losing power would cost them vastly more.
That said, individual consumers are going to have their own personal preferences. For some people saving 10c a month on their monthly electric bill might be worth a once in a decade power outage. Some might even agree to save 1c/month.