4 ms·
The issue identified is that many plants weren't able to stay online to sell energy at the extreme prices that were bid. Those plants didn't make windfall prof
by caf 5y ago
The issue identified is that many plants weren't able to stay online to sell energy at the extreme prices that were bid. Those plants didn't make windfall profits for their investors, they weren't selling anything at all.
Essentially it reached a point where electricity wasn't available at any price.