Clearing price for supplying power to Texas grid –$31.65

Re:Clearing price for supplying power to Texas grid –$31.65 by Retric on Sunday February 21, 2021 @09:44AM (#26213753)

Your personal value for reliability isn’t relevant. The electric grid is providing power for hospitals with back up generators and office building which don’t. The value of each of those 9’s to society and the overall economy is what matters and business being forced to shut down lose vastly more money than it would cost to prevent this issue.

The market based solution is to add a very large fine for blackouts on a per customer bases. Grid operators can still select how many actual 9’s they want, but the externalities for doing so are priced in.

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Re:Clearing price for supplying power to Texas grid –$31.65 by roenxi on Monday February 22, 2021 @02:35AM (#26221809)

They are relevant. The electrical utilities could load-shed based on priority, so that places that need highly reliable power pay more and get special guarantees. Technically infeasible on a house-by-house basis, but they could do it for hospitals and such. They probably already do.

Your solution will cause power prices to go up. I'm sure a lot of consumers would be happy with that trade, but why should the ones who are unhappy with it be dragged along for the ride? There is no need to force the grid to provide reliable power to people who won't pay for it.

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Re:Clearing price for supplying power to Texas grid –$31.65 by cozzyd on Sunday February 21, 2021 @09:41PM (#26220177)

I'm not sure that works because the operator can just go bankrupt in that situation?

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