[mindslight]

I was thankful my elderly father lived in a town with a municipal electric company, so all of the spam calls he got about "lowering his bill" could never go anywhere. Obviously there's some hidden catch, otherwise they wouldn't be spamming!

I think the Griddy scheme is in the process of destroying itself, as it becomes apparent how many people won't be paying their bills, either through bankruptcy or populist legislation. Despite not seeming so on paper, Griddy itself has significant long tail risk.

A great way to hedge while having Griddy would be to make a deal with your neighbor to run an extension cord when the spot price gets too high. Sleazy, but what isn't these days.

Of course such arbitrage just pushes the market as a whole towards time of use pricing, which isn't a bad thing as long as the unreasonable pathologies get worked out.

[upbeat_general]

Now this is the best comment I’ve seen in all the treads about the power outages.