If you look at the electricity market in Ontario, zero development of new plants is part of a market based solution. They had to form a new government agency th

If you look at the electricity market in Ontario, zero development of new plants is part of a market based solution. They had to form a new government agency the Ontario power authority to sign long term contracts so that companies can secure loans to build infrastructure. The market price was politically influenced with many charges being hidden outside of the hourly price in an “uplift” charge and nobody had confidence that prices would be high enough for long enough to get their ROI. Markets are interesting for economic dispatch based on marginal cost, but then real world constraints such as rivers that must flow and a lack of infinite transmission capacity in all directions kick in and it starts to look a lot like what it replaced. I guess it works where it works