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Market-based solution? Incumbent interests object to this. Typical objections include 1) it will increase price volatility (which will hurt a) existing power g
by ghouse 9y ago
Market-based solution? Incumbent interests object to this. Typical objections include 1) it will increase price volatility (which will hurt a) existing power generators or b) consumers), 2) it will reduce reliability. So, instead of market-based solutions, we get "energy policy" that subsidizes all incumbents and reduces innovation.
- Certhas 9y agoPower grids are more complicated than you think. Markets have their role to play but it's simply an enormously complex system quite unlike anything else. Imagine if you had to run the street system but you couldn't ever have traffic jams.