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the griddy model is that everyone should take a sort of second job as an electricity trader, but not make any money doing it. it wouldn’t be a problem if it we
by currymj 6y ago
the griddy model is that everyone should take a sort of second job as an electricity trader, but not make any money doing it.
it wouldn’t be a problem if it were just a matter of paying a little more or less, that would be great.
but there are catastrophic tail risks. so you have to constantly be watching because if your vigilance slips for even a few hours at a crucial time it could financially ruin you. traders at least get paid to do this and can de-risk when they need to.