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by gizmo686 1936 days ago
What regulation are you referring to.
1 comments
nickysielicki 1936 days ago
> Public Utility Commission of Texas (PUCT) cited its “complete authority over ERCOT” to direct that ERCOT set pricing at $9/kWh until the grid could manage the outage situation after being ravaged by the freezing winter storm.

from: https://www.griddy.com/post/griddy-update-why-energy-prices-...

Prices should have fallen and did not.

link
salawat 1936 days ago
The grid was under maximum demand. Heck, I was refreshing realtime statistics.

That was not an unrealistic policy decision. The unrealistic policy decision was leaving it stuck there even after things started to thaw and restore.

The market, as they say, she remains irrational far longer than you stay solvent.

link