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There is nothing inherent or natural about that scenario, it is all due to the failure to properly design electricity markets. See also: the 2001 California e
by mpweiher 2y ago
There is nothing inherent or natural about that scenario, it is all due to the failure to properly design electricity markets.
See also: the 2001 California electricity crisis.
https://en.wikipedia.org/wiki/2000–2001_California_electricity_crisis https://en.wikipedia.org/wiki/2000–2001_California_electrici...
See also: Enron
https://en.wikipedia.org/wiki/2000–2001_California_electricity_crisis#Involvement_of_Enron https://en.wikipedia.org/wiki/2000–2001_California_electrici...
If we have designed our markets to price cheap, reliable electricity out of the market and instead prefer expensive unreliable electricity, we've really f*ed up.