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The Texas spike was not what customers were willing to bear, the Texas spike was set to the max price by the regulator because they thought the pricing system w
by csours 5y ago
The Texas spike was not what customers were willing to bear, the Texas spike was set to the max price by the regulator because they thought the pricing system wasn't working.
- sangnoir 5y ago> Texas spike was set to the max price by the regulator... IIRC, a member of ERCOT who resigned claimed high-ranked state politician(s) pressured the regulator to do set the max price - so it wasn't the independent judgment of the regulator that the system was working; or that this was the solution.