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A comment on Electricity over $900/MWh in most of Western US now. Parent comment

Re:Electricity over $900/MWh in most of Western US now by gruez on Wednesday February 17, 2021 @09:59PM (#26174982)
Likely not, and that's part of the reason why it's so high in the first place. Price is a function of supply and demand. In this case the supply is limited, but demand stays the same because there's basically zero incentive for consumers to reduce discretionary electricity usage.
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Re:Electricity over $900/MWh in most of Western US now by jstrong on Wednesday February 17, 2021 @11:32PM (#26175825)
it's pretty crazy. even when we are not in the middle of a 'once in a generation' winter storm electricity prices regularly spike as much as 100x as peak gen ramps up, and the whole world (basically) goes on consuming it as if the price is static. like what if gasoline cost gas stations $30/gallon between 4-7pm and they just kept on selling it at $2-3/gallon?
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