A program known as convergence bidding, in particular, is meant to help keep electricity prices steady but instead “masked tight supply conditions” during the August heat wave, the analysis concluded.
and
Energy providers collectively under-scheduled the amount of electricity they expected to need.
A program known as convergence bidding, in particular, is meant to help keep electricity prices steady but instead “masked tight supply conditions” during the August heat wave, the analysis concluded.
and
Energy providers collectively under-scheduled the amount of electricity they expected to need.
This was definitely a lack of capacity.