And the fix is to... Cap the price?
Did nobody do economics 101?
They did but didn't like it. Simulating activity buys them time, after the blackouts, it will be like "See Econ 101, capping the price doesn't work, let's uncap it quick."
Round and round we go.
hermanzegerman•3w ago
cyanydeez•3w ago
This is about "oh, problems are solved when there's a bunch of lobbiests paid to solve it"
hermanzegerman•2w ago
The White House is seeking caps on the amount existing power plants can charge in the PJM capacity market.
The agreement would also require data centers to pay for the new generation built on their behalf – whether they show up and use the power or not - rather than buying up existing power. The concept is called BYOG, or "bring your own generation."