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mortenlarsen | 3 years ago

It sounds like a free market working as expected. Maybe something important like this needs regulation to prevent optimization based on only one parameter ($).

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ravel-bar-foo|3 years ago

In a functional free market customers who need reliable electricity would specifically pay for the reliability or guaranteed capacity.

mortenlarsen|3 years ago

Only if they are being told the truth. A functional free market requires symmetrical information (ie. both seller and buyer has the same information about the product). It is just a theoretical thing. But you can get closer to that ideal with regulation and strong buyer protections.