3 ms·
> The issue is when that 20 year mark hits and no one was ready but the automated systems were allowed to charge uncapped, 180x normal rate[0]. That is actuall
by roenxi 3y ago
> The issue is when that 20 year mark hits and no one was ready but the automated systems were allowed to charge uncapped, 180x normal rate[0].
That is actually relatively normal behaviour for an electricity market. In my area the price usually jumps 2 orders of magnitude at the height of summer. It isn't a concern (the grid is cooked, but not because of peak prices). The market is signalling that it is worth having capacity available just for the peak - the cost of that type of redundancy is high, so the prices need to be high to make it happen.
Also, if the price is capped then the grid blacks out at that point. Uncapped is the way to go.