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Yes, definitely wasn't trying to accuse Griddy of price gouging here, they're just a middle man. I am accusing the people who set the price of doing so (at leas

by gpm 6y ago

Yes, definitely wasn't trying to accuse Griddy of price gouging here, they're just a middle man. I am accusing the people who set the price of doing so (at least morally), and perhaps even the producers of the electricity who didn't set the price (as well as those who were involved in setting it) since they are going along with selling it at that exorbitant price.

Dma54rhs 6y ago
The market price is literally there for them as a signal when to generate and when to not. That's the whole point of the market.
- orwin 6y ago
  A market is extremelly inneficient at managing a pwer grid, unless you install HFT computers at each power plant.
  - fastball 6y ago
    What is more efficient, and do you have numbers to back that up?