But on net, people _would_ be better off having taken the savings from Griddy and stuck it in the bank. Consumers aren't losing money overall in the Griddy model -- it's just happening at once.
The other providers can only survive (assuming they do) by having overcharged for years.
That wasn't overcharging. They had infrastructure costs to meet.
I mean, I could be wrong, I"m not a CPA with their books in front of me... But I cannot see running a power network as anything but expensive.
Now whether they imvested properly or not, that remains to be seen. The fact that arlt least we didn't totally lose everything shows it wasn't all for naught.
The other providers can only survive (assuming they do) by having overcharged for years.