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I'm arguing for not trashing the idea of spot pricing because of one emergency. They could use better regulations for emergency situations, to prevent both cust
by flavius29663 5y ago
I'm arguing for not trashing the idea of spot pricing because of one emergency. They could use better regulations for emergency situations, to prevent both customers and distributors going bankrupt, but making the case that spot pricing is bad because of what happened in Texas is short sighted.
When the situation became a state of emergency, they could have stopped free trading and just provide everything they can, leaving the accounting for later. Or just capping the price to a lower level.
In the meantime, spot pricing would be a very good thing to happen all across America, as I said - it's contributing massively to the de-carbonification of UK. Demand response would help reduce a lot of the spikes in usage, and make renewables integration easier.