Because if Electricity is out, it means there's a shortage of it. If there's a shortage, it creates scarcity. With scarcity comes a rise in price due to increased demand.
You're hungry. I have food. I have what you need. And I know you need it. I'm going to charge you more for it because you NEED IT.
Not exactly. The feds used emergency powers to shut off the flow over potential concerns that didn’t exist. Part of that situation is raising the cost of MWH to astronomical levels to limit usage to prevent a failure to the power grid. In this case, $1500 per megawatt hour and more was enacted as part of the federal powers act.
It was not supply and demand. There was plenty of supply and ability to disseminate. The excuse given was “expected” usage would exceed federal emissions limits. They killed people under the guise of environmental concerns.
Hold on, where can I read more on this. So are you saying that in Texas there was additional plants that could have been brought online to cope with the demand, but the only reason they didn't is because they would "pollute too much"?
Because if Electricity is out, it means there's a shortage of it. If there's a shortage, it creates scarcity. With scarcity comes a rise in price due to increased demand.
You're hungry. I have food. I have what you need. And I know you need it. I'm going to charge you more for it because you NEED IT.
Supply/Demand Sellers Market.
Not exactly. The feds used emergency powers to shut off the flow over potential concerns that didn’t exist. Part of that situation is raising the cost of MWH to astronomical levels to limit usage to prevent a failure to the power grid. In this case, $1500 per megawatt hour and more was enacted as part of the federal powers act.
It was not supply and demand. There was plenty of supply and ability to disseminate. The excuse given was “expected” usage would exceed federal emissions limits. They killed people under the guise of environmental concerns.
Hold on, where can I read more on this. So are you saying that in Texas there was additional plants that could have been brought online to cope with the demand, but the only reason they didn't is because they would "pollute too much"?
Order No. 202-21-1 From the DOE to Texas.
I just went ahead and found that order, and holy shit I can't believe that this is a thing.
Of course there's always more to the story. I had just assumed this was a supply issue like everyone else.