News for hackers. Stuff that matters.

A comment on It’s cheaper because we pass the risk on to you. Parent comment

Re:It’s cheaper because we pass the risk on to you by cozzyd on Sunday February 21, 2021 @07:50PM (#26219134)
On the contrary, the price likely would have gone higher without the regulatory cap...
[ Parent | on HN ]
Re:It’s cheaper because we pass the risk on to you by throwawaysea on Sunday February 21, 2021 @07:56PM (#26219201)
The article shows the real time supply and demand price at the time being 300x lower. It wasn’t a price cap but more like a mandatory price increase. At least that’s how the linked post from Griddy describes it.
[ Parent | on HN ]
Re:It’s cheaper because we pass the risk on to you by cozzyd on Sunday February 21, 2021 @08:08PM (#26219350)
When demand exceeded supply and load had to be shed, the fair market price likely would have been much higher.

Griddy is advocating for having their cake and eating it too here, I think.

[ Parent | on HN ]