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" the consumers of the Texas grid also benefit from this hyper-efficient cost discovery system" I can't understand how someone that only serves to drive up the
by RugnirViking 3y ago
" the consumers of the Texas grid also benefit from this hyper-efficient cost discovery system"
I can't understand how someone that only serves to drive up the price benefits anyone except the power companies
- qbxk 3y agoby setting a floor on the price, and minimum for demand, they guarantee predictable revenues to those seeking to invest in or expand their power generating capabilities
- RugnirViking 3y agoit seems to me that "those seeking to invest in or expand their power generating capabilities" falls into the category of "power companies". Perhaps you mean to include also individuals with solar panels on their roof or whatever but thats a vanishingly small portion of both companies and individuals.
- qbxk 3y agoyes, that's right, i should have added the conclusion: by increasing supply, price goes down, that's how consumers benefit.
- sigilis 3y agoBut they are increasing demand, not supply. You are theorizing that somewhere someone will build more supply because the increased demand is increasing the price to consumers, which is not what I would call a consumer benefit while they wait for that someone to get their giant power plant built to offset the completely useless bitcoin mining.
- deleted 3y ago[deleted]