It has exceptionally high fixed costs imagine setting up a new mast system that spans from the energy plants to each house. “It’s part of my past, definitely part of my future.”Īs a token of passing the baton, Alex’s dad gave him a small but meaningful gift when Alex started his new job. The energy grid is an example of a natural monopoly. The nuclear industry his dad helped design in the 1980s Alex is helping run safely for years to come. of electricity and gas passed to the newly established Australian Energy. A natural monopoly can occur in two ways: First, when there are high barriers to entry in an industry, such as large capital requirements needed to buy fixed assets. When a handful of firms have control over a specific product or. He gets the chance to continue his father’s legacy. Mills description of natural monopolies fits with the modern definition of. By law, nobody else is allowed to generate power and sell it directly to the public in Mexico. “I saw how Dad was able to provide a good quality of life for our family and I wanted to be able to do the same.”Īs a second-generation nuclear professional, Alex has a unique opportunity and responsibility. Joining the two words means the single seller. Mono stands for single while Poly stands for the seller. What he did know was the kind of father his dad inspired him to be. Octoby Chyou Lang Table of Contents show What is a monopoly Monopoly meaning The word monopoly is derived from two words, Mono and Poly. Scott and John discuss: The lengths monopolies will go to retain their control of the energy industry. Little did he know he would be working for McGuire’s sister station decades later. Scott and John talk about why energy utilities were once considered to be natural monopolies, and how that assumption is being challenged by new energy technologies and the push for more choice in the energy market. “I remember as a kid, Dad would wow our family with trips to the EnergyExplorium.” Back in the Carolinas, he’s close to where he grew up when his dad worked at McGuire Nuclear Station in Huntersville, N.C.
Alex with his wife, RuthAnne, and daughter, Amelia.Īlex met his wife in Chicago, where they had their daughter in 2020.
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