They can be efficient, but I ly if the incentives align towards the desired definition of efficiency.
If you give a company a natural monopoly and protection from competition. Then it's most efficient way to make money is just to raise rates
replyTVA and the NY power authority are genuinely massive, government run utilities. Both are also known for pretty low power bills.
replyNice! I didn't know about those. Although it's hard to directly compare rates since cost can be so geographically dependant.
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