"And of course electric companies aren't paying a penny of it, it all goes to consumers as much higher cost."
Hmm, can anyone tell me where electric companies get their money from?
Oh yes, it'll be their customers, like pretty much every other business on the planet.
Where else do you expect their money to come from?
As to the "higher cost", if you do a little research into how the UK infrastructure at a transmission and distribution level is funded then you'll probably find out how wrong you are.
Biting the hand that feeds IT
