How the fuck should a loan program help paying for monthly recurring costs?!
this post was submitted on 10 Jul 2026
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Well, in the past (and the present in many places) perpetual unrepayable debts were used as a way to implement slavery without calling it slavery. They call it debt peonage. You know, food for thought.
the more I'm debt you get the more you owe them,
Short term it pads the companies books a bit more by adding an asset on top of the revenue. Medium term it's a perpetual impairment generator. The executives are just planning to cash out before the inevitable happens.
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I absolutely cannot figure this out. Isn't a kwh the same price for everyone? Why would a data center pay less? (I'm not asking anyone to justify the poor decisions of energy companies)
Same as with RAM prices. There is a limited supply and the datacenters are hogging it, possibly willing to pay extra because the entire bubble depends on MORE MORE MORE, or willing to bulk purchase the entire contingent in advance.
Now if you are a power supplier you find yourself in the comfortable position of being financially courted by the datacenter corps, and you have a captured audience of consumers who rely on you supplying them, who you can now justifiably bleed out, and if they cant pay you just sell it to the datacenter after all.
That is actually very sick behavior.
To you or I, surely, but to an MBA it's just business as usual.
Capitalism is essentially based on the concept that everyone doing whatever they believe is in their best interest will magically balance itself out and achieve the most-efficient outcome, instead of the most self-serving and greedy criminals and psychopaths colluding to exploit and deceive the masses, accrue the lions share, and enslave everyone else.
It's basically a religiously-dogmatic mental illness that has no place beyond the 19th Century, but the criminals and psychopaths used their wealth to exploit and deceive the masses... so here we are. May the greediest psychopath win!
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Isn't a kwh the same price for everyone?
Perversely, no. Large industrial users often get a bulk rate that's cheaper than the household rate.
Happy cake day, BTW.
Definitely a smart move letting those power utilities be privatised, even a regulation forcing cost price power for residents would have been better than full privatisation. I'm so glad my state never got sucked into letting that happen here.
Fortunately, Oregon seems to have figured out how to handle this. This was in my feed, literally right under this post.
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As the other commenter said, they have a limited supply and are expecting us plebeians to be priced out and go without. It's already happening: https://www.yahoo.com/news/us/articles/virginia-county-tells-workers-switch-002400860.html
Isn't a kwh the same price for everyone?
Not sure why you'd assume this
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Privatized profits, socialized cost. That’s the “free market”.
You're paying thrice:
1: With your spare time in which you give advice on forums and maintain Wikipedia pages. This information is getting slurped up by AI crawlers.
2: Implicitly with your money, to get some new AI doodad on your laptop or your phone, trained on 1.
3: See meme.
And that's why billionaires exists.
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They're putting data centers in near me (they have been heavily protested, but of course that doesn't do shit, the local government holds lots of meetings that are crowded with people saying they don't want them, and then they shrug and approve them anyway. The last meeting I heard about they just flat out cancelled because too many people were planning on coming and speaking against it). I got a letter from my power company that they're raising electric rates, and would I like to contribute to a fund to help pay other people's bill?
Replace them. Either recruit a candidate or run yourself. Ignoring your voters should have consequences.
Oh I know exactly how I'm voting next election, but the problem is that I live in a conservative area and these dumb fuckers wouldn't vote for their own self interest if you held a gun to their heads, because if they vote for things that benefit them then a brown person or someone on disability might also benefit.
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Not to sidestep it, but at what point is doing personal solar a better deal, if you own that is
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Loobying is bribery.
Socialize the expenses, privatize the profits. Everything is working as designed.
Debt trickles down, money trickles up
See? Trickle down economics does work! With debt.
I don't really get how the fig leaf of "due to data-centers" is even supposed to work.
They get more demand, so more revenue. Then the fixed costs of the business are spread over more revenue, which is supposed to make the prices better not worse.
I know the profit motive is just extracting whatever the market will bear, but could anyone still explain the reasoning they are trying to make customers believe?
but could anyone still explain the reasoning they are trying to make customers believe?
That's the neat part, they don't have to bother with that!
probably need to build new power plants while the existing ones are in overdrive
they could handle that diffeently, butt fleecing regular joe is more fun
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Data centers have lobbying force the citizens lack, they can negotiate for better prices.
Data centers also force power grid upgrades, the cost of which gets unfairly distributed to consumers.
And, data centers have the technology to take advantage of peak pricing, running on low power when electricity costs more and amping up when the price is more favorable.
People need to fight back in force, write their representatives, their energy companies, show up to town halls and increase public pressure to make sure data centers are paying their fair share.
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Isn't sharing the bill while a small group profits exactly how capitalism works?
This gets extra sick when you remember many places in the west will declare a house legally condemned if you dont have power... Even if you have solar panels...
You can have totally functional power in the home and be self sufficient but you /still/ have to be connected to the grid and paying for that.
And often these jacked up prices impact you, even if you arent using the power at all.
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I participate in the "residential smart thermostat rewards" program where they can adjust my temps during high demand periods. In the past it has been like if it's 100F out they will bump my settings from 77 to 79 which is not a big deal and gets me like two weeks of free electricity.
This year those mother fuckers have been bumping the thermostat up to like 86 when it's 87 outside. Gee I wonder what the fucking difference is now? I can reject their temp settings in the app, but I can only do it like three times before they cancel my rewards. I'm half tempted to go wire up a little Arduino in series with the thermostat so I can control the AC without touching the smart thermostat if needed.
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Time to molatov cocktail the AI daracenter. A sudden unexpected fire happened. Dunno how 🤷♀️
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Don't you have something like an energy board to protect your citizens against price hikes by power companies.
If we did, it would be populated by MAGAs who would take bribes to let the power company put ALL the costs on the residential consumers. Except for the wealthy neighborhood. They deserve a break, because they're better.
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What do you mean? To transfer wealth of the working class to the Epstein class of course! What a silly question…
Egg the diesel, sugar the concrete.
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