[adrianmonk]

I kind of agree in the sense that utilities at least need regulation. You can't leave it all up to the market. (I've lived through the winter storm days-long blackout that lies down that path.)

But, I don't think this particular thing proves that point. What we have here is a chaotic shift to a new equilibrium. Technology has changed and needs/priorities have changed.

People wouldn't overbuild solar if they could forecast that it wouldn't be profitable. The issue is they can't forecast.

The reason we aren't allocating resources optimally is not about who is in control or what their motives are. It's that we don't have the information we would need in order to be able to.

TLDR: growing pains, not misaligned incentives.