[JumpCrisscross]

Griddy should have bought calls and passed along the premium cost and protection. I don’t know energy market options pricing, so maybe this is not viable.

> the amount of money they are due as a result of this market design ($50 billion!!!) is truly staggering and disproportionate to the value created

This is a screaming incentive for winterisation and energy storage. The premium is fine. It was mostly paid for by intermediaries.

[SomewhatLikely]

Agreed on second point. The reward needs to be given today to incentivize future behavior. If market participants don't believe they will be rewarded they won't change their behavior.