If I miss 2 payments on my power bill the power company sends someone out to turn of the utility, however I see lots of commercial buildings (old Toys r Us, empty stores ect) with all the lights still on. Is someone still paying?
In: Economics
When an individual misses 2 power payments in a row the amount owed and the damages caused by cutting the power is usually too small to be taken to the courts. So the power company can bully the little guy by cutting off the power.
When a corporation does not pay its power bill, cutting the power off can lead to 10’s of thousands of dollars in damages and can end up in front of the courts. So power companies are more careful about cutting the power.
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