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A comment on In Defense of Electricity Markets. Parent comment

Re:In Defense of Electricity Markets by andromeduck on Thursday October 12, 2023 @02:05AM (#37853946)
Day ahead isn't enough. Need capacity markets & year ahead futures from what I remember last time I read up.
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Re:In Defense of Electricity Markets by everybodyknows on Thursday October 12, 2023 @03:55AM (#37854567)
California providers are required to purchase "Resource Adequacy" contracts. Those that are badly managed try to dodge the expense, rather like operating a business without insurance:

https://thecoastnews.com/cpuc-issues-over-1-million-in-fines...

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Re:In Defense of Electricity Markets by mschaef on Thursday October 12, 2023 @07:21AM (#37855748)
IIRC, the only US ISO without a capacity market is ERCOT (TX). They let the marginal rates go higher on the theory that it will create an incentive for construction of generation to address anticipated capacity constraints.
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