In the USA, the history of assuming that the national government will support power to the people the way FDR, PWA, BPA, TVA, ... did has given the national government quite a bit of leverage to keep the states in line. I'm figuring that this auction will be used by the executive branch to buy power at a high price in the auction, then allocate it to areas in need according to a plan approved by the powers that be. If they do a good job, nothing to see here. YMMV.
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."
It's funny how politicians across the world can suddenly fix things when an election is coming up and they fear losing it
huh? 1 paragraph in and this is about data centers being a problem.
This is about "oh, problems are solved when there's a bunch of lobbiests paid to solve it"
So loads of new demand is pushhing the price sky high....
And the fix is to... Cap the price?
Did nobody do economics 101?
In the USA, the history of assuming that the national government will support power to the people the way FDR, PWA, BPA, TVA, ... did has given the national government quite a bit of leverage to keep the states in line. I'm figuring that this auction will be used by the executive branch to buy power at a high price in the auction, then allocate it to areas in need according to a plan approved by the powers that be. If they do a good job, nothing to see here. YMMV.
> 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.
https://archive.ph/wScVL
Is the root of the problem buying more power or building more grid?