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The price for all units sold is set by the highest producer at a any one moment. This led to windfall profits for generators with fixed costs like wind. It's no
by tails4e 3y ago
The price for all units sold is set by the highest producer at a any one moment. This led to windfall profits for generators with fixed costs like wind. It's not a functioning market. Imagine if the price of a beer everywhere in the US was set by the highest seller. Every beer sold would be immediately dearer, not cheaper, as it just takes one seller to push the price up.