How are there multiple electricity companies if the power comes from one line?

Question

I don’t understand how there can be multiple electricity companies if the power comes from the same power line.

What I mean is, how is the power I’m getting different from the power my neighbors are getting? It’s the same power, so how can so many different
companies charge different amounts for it?

In: Economics

Answer 1

Same electricity. Diffrent cost of power poruction e.g. some power stations may have access to cheaper fuel, or can take advantage of renewable energy sources. In countries with deregulated electric supply like in UK, you can choose your provider, elese its the average production cost.