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Letter: PSEG facing solar competition?

A PSEG Long Island truck on July 10,

A PSEG Long Island truck on July 10, 2014. Credit: Newsday / John Paraskevas

The primary tenet of capitalism is the law of supply and demand [“PSEG to add new fee,” News, Feb. 11]. When demand is low, prices will fall.

Ordinary citizens are now conserving electricity and investing in solar power. This alternative is in direct competition with PSEG Long Island, because solar power reduces the need for the use of expensive, non-renewable resources.

Utilities will continue to lose revenue because the demand for their expensive product is decreasing. The production side of their business model is becoming obsolete.

PSEG Long Island wants customers to pay a fee to protect the company’s profits. Reject corporate socialism!

Steven Berge, Bay Shore

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