5 ms·
A sprawling read that is difficult to follow. In particular the critical design elements of an "electricity market" are never defined, let alone convincingly de
by nologic01 3y ago
A sprawling read that is difficult to follow. In particular the critical design elements of an "electricity market" are never defined, let alone convincingly defended.
Market dynamics is a complex interplay of market design (which influences participant behavior), market maker incentives and regulation etc.
There is no single alternative to a monopoly market. Turning every nano-Watt of electricity consumption into in incessant trade and emulating money markets is the market intermediary dream but it is not necessarily optimal.