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"Impossible, most economists would say. In any market—and especially in a state devoted to the free market, like Texas—makers won’t provide a product or service
by elektromekatron 11y ago
"Impossible, most economists would say. In any market—and especially in a state devoted to the free market, like Texas—makers won’t provide a product or service at a negative cost. Yet this could only have happened in Texas, which (not surprisingly) has carved out its own unique approach to electricity."
Solar revolution drives negative electricity prices in Australia - http://www.businessgreen.com/bg/news/2353894/solar-revolution-drives-negative-electricity-prices-in-australia http://www.businessgreen.com/bg/news/2353894/solar-revolutio...
German power prices negative over weekend - http://energytransition.de/2014/05/german-power-prices-negative-over-weekend/ http://energytransition.de/2014/05/german-power-prices-negat...
Negative pricing in the GB electricity market: is the outlook positive? - http://www.baringa.com/our-thinking/baringa-blog/july-2015/negative-pricing-in-the-gb-electricity-market-is/ http://www.baringa.com/our-thinking/baringa-blog/july-2015/n...
Why windy days lead to negative electricity prices - http://gelookahead.economist.com/why-windy-days-lead-to-negative-electricity-prices/ http://gelookahead.economist.com/why-windy-days-lead-to-nega...
I sometimes wonder if it is a point of pride for journalists to be ignorant of the subject of their articles.
edit - also, in a regulated market, one of the things that is very commonly regulated is companies offering goods or services below cost, as it is a very common tactic for manipulating markets or driving your competitors out of business.