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      09-27-2021, 08:25 AM   #33

Drives: Potato
Join Date: Feb 2012
Location: USA

iTrader: (1)

Another thought on utilities, specifically electric (and maybe nat gas).
In the 1970s there were no substitutes for local electric service (fully regulated, one provider). With both deregulation in many states and much better solar panels, it could make sense to install rooftop solar and minimize or bypass (off-grid) the electric utility. This would create a competitive price cap, further reducing the pricing power of utilities and making them a bad investment (at least on the margin).

For nat gas, if you believe the price will rise persistently (perhaps because of carbon regulation instead of general inflation), then you would consider switching to electric appliances and solar panels as a way to avoid those cost increases.

Thanks @mdf for stimulating these thoughts.
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