David Friedberg
๐ค SpeakerAppearances Over Time
Podcast Appearances
Well, here's the, let me give you the math.
So we consume in this country about 4 trillion kilowatt hours of electricity.
So we consume in this country about 4 trillion kilowatt hours of electricity.
Average price is 18 cents a kilowatt hour.
Average price is 18 cents a kilowatt hour.
So it's about, call it $750 billion of spend on electricity every year.
So it's about, call it $750 billion of spend on electricity every year.
One third of that, 250 billion, is residential consumption.
One third of that, 250 billion, is residential consumption.
Two thirds of that, 500 billion, is industrial and commercial consumption.
Two thirds of that, 500 billion, is industrial and commercial consumption.
Theoretically, you could increase the price on industrial and commercial consumption by call it 50% and make all residential electricity in the United States free.
Theoretically, you could increase the price on industrial and commercial consumption by call it 50% and make all residential electricity in the United States free.
If you're a residential user, you get a cap of free electricity every month.
If you're a residential user, you get a cap of free electricity every month.
And if you use more than that cap, you get charged, but below that cap, you're free based on whatever, square footage of your house, I don't know, whatever.
And if you use more than that cap, you get charged, but below that cap, you're free based on whatever, square footage of your house, I don't know, whatever.
And then on the commercial and industrial side,
And then on the commercial and industrial side,
the reason you would then have an incentive to build private power systems would be that you can bring your cost down.