3 ms·
I think this is a non-story. They say that demand is expanding faster than ever. They claim that this will lead to shortages, but they forget that the power m
by konschubert 3y ago
I think this is a non-story.
They say that demand is expanding faster than ever. They claim that this will lead to shortages, but they forget that the power market is a market, and thus:
* prices will rise in peak hours, and industrial demand will respond
* the raised prices will cause a lot of new supply to be added, bringing prices back down.
It’s only a problem in places that cap industrial power prices or that prevent the construction of new power plants. (This will be mostly solar and batteries.)