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by kelseydh
39 days ago
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Most electricity generation is handled by the government already, particularly in Canada. Worldwide approximately 88% of global electricity generation capacity is owned or controlled by national and local governments. Some Canadian provinces have IPPs -- Independent Private-Power companies but they are often operating under the patronage of government. Many owe their existence to privatisation, lobbying and sweetheart contracts. (E.g. in British Columbia, private run-of-river hydro companies scandalously secured a 60 year guaranteed non-market rate on electricity. https://thetyee.ca/Opinion/2016/09/12/BC-Hydro-Public-Intere... ) |
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If “or controlled by” means privately owned plants that are subject to local regulations, then that is not particularly interesting or relevant to the discussion