3 ms·
"all else equal" is in there. He was trying to make a point - that flexibility is valuable. And it is valuable. All else equal you'd take more flexibility than
by danielmarkbruce 4y ago
"all else equal" is in there.
He was trying to make a point - that flexibility is valuable. And it is valuable. All else equal you'd take more flexibility than less, especially since demand moves around a good amount.
- stingraycharles 4y agoBut it isn’t flexibility we can control. It’s either fluctuations in supply which we need to absorb somehow, or it’s scaling down supply. The big differentiator is the flexibility to scale up supply when you need it, and it’s precisely this flexibility that’s missing.
- danielmarkbruce 4y agoIt definitely can be controllable. Peakers exist, and are controlled. You say "scale down", someone who runs a peaker thinks "scale up", and they can do it pretty fast (minutes). And the lower the capex the better, it gets closer and closer to a free option. Having a real option on producing electricity (or, almost anything where demand varies) is valuable to society.