However, why would I do that when everyone else isn’t.
And how would I do that when there’s no economic framework for me, as an individual retail customer, to do so?
Sure, I can buy 100% renewables, but here in Australia the retailers want to charge me more for that choice. Here in Tasmania the local retailer, Aurora Energy, wants an additional 6.023 cents / kWh for 100% renewable, that’s that’s on top of their peak rate of 32.587 cents / kWh. An additional 18.5%!
Why would I do that if I’m already living near my economic ability?
Edit to add:
And, even if I did choose to pay that premium, it’ll have approximately no effect whatsoever on global climate outcomes. Me paying an additional 18.5% on my bill to feel good won’t suck the carbon out of the air!
This is why we neee regulation in this scenario more than we need individual choice.
I was asking about the underlying assumptions, not the retail market. Those are two different things. You appear to be only referring only to the latter. Surely we should be able to talk about the first before considering the second?
However, why would I do that when everyone else isn’t.
And how would I do that when there’s no economic framework for me, as an individual retail customer, to do so?
Sure, I can buy 100% renewables, but here in Australia the retailers want to charge me more for that choice. Here in Tasmania the local retailer, Aurora Energy, wants an additional 6.023 cents / kWh for 100% renewable, that’s that’s on top of their peak rate of 32.587 cents / kWh. An additional 18.5%!
Why would I do that if I’m already living near my economic ability?
Edit to add:
And, even if I did choose to pay that premium, it’ll have approximately no effect whatsoever on global climate outcomes. Me paying an additional 18.5% on my bill to feel good won’t suck the carbon out of the air!
This is why we neee regulation in this scenario more than we need individual choice.