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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: rayvt 🐝  😊 😞
Number: of 15059 
Subject: Re: BRK: Why Not XOM?
Date: 12/15/2024 6:35 PM
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And then there are places, most states in the USA if I understand correctly, that have cheaper rates off peak, and charging your EV is a great way to take advantage of those rates. In Ontario, for instance, peak rates are 15.8c (about 10c in US$), but overnight rates are less than half that, at 7.6 c (about 5c USD), one third the average USA rate.

FWIW, I have never lived in a place where we had off-peak rates. It was always just straight price per KWH.

But, just like the free charging at stores & theaters, that only can be the case when EVs are a tiny minority of cars. If EVs become a substantial portion of cars which are charging at night, then what is currently off-peak will be very much ON-peak.

Assuming the neighborhood power lines can support the load. Which mostly won't be the case.

The availability of electricity and grid capacity are major issues which most EV proponents ignore and/or poo-poo.
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