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That's like saying supermarkets "introduce volatility" because they aren't open 24/7 like some convenience stores. Of course prices will increase when the numbe
by bjourne 4y ago
That's like saying supermarkets "introduce volatility" because they aren't open 24/7 like some convenience stores. Of course prices will increase when the number of vendor decreases (e.g not sunny and not windy), like it always does in liquid markets. What you are saying is that electricity shouldn't be treated as a commodity sold on an open market and instead should be regulated and subsidized by states. But that's what got us into this mess. If things like CO2 pollution had been accurately factored into prices, more people would have biked to work, installed solar panels, and invested in better home insulation.
I live in a small apartment with district heating and my electricity bill is consequently low. I don't want to subsidize nuclear power just so that those who live in large electricity-heated villas should get lower electricity bills.
- nradov 4y agoElectricity can't be purely priced on a spot market. Any sort of large-scale industrial use requires reliable power at predictable prices. Solar and wind power is not reliable for base loads without huge amounts of storage, which exists basically nowhere today. Open your eyes and look outside your apartment. What you call a subsidy I call an investment in maintaining our industrial base. Or would you prefer to see the rest of our manufacturing industry move to China, where they can obtain cheap and reliable power from coal and nuclear plants?