https://inthesetimes.com/article/the-excel-error-heard-round...
It also reminds me of the flaws in the London epidemiological model about how to respond to covid.
It just may be that these things should be reviewed a little closer by people who are obsessive about correctness
Whilst these sorts of analyses are informative, they lack answers to the who profits? question.
The intention of the payments is to increase revenue for that kind of power generation capability to encourage more such plants be constructed.
The argument in the article is dubious to me. Of course the higher price isn’t leading to more generation today, that’s not the point, the point is to reward developers that build and built capacity CA needs in winter. The disagreement then becomes which model is correct about how much capacity is actually needed.. but the fact that a tiny move in demand moves the price so substantially seems to me to undermine the entire premise of the blog post, clearly supply is severely constrained?
k310•1h ago
That was not clear in the article.