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A comment on In Defense of Electricity Markets. Parent comment

Re:In Defense of Electricity Markets by londons_explore on Thursday October 12, 2023 @08:35AM (#37856318)
> pretty much nobody wants to wait 5-10 years between "income events".

Insurance is a similar market - and big earthquakes might wipe out a whole decades profits.

Yet there are still plenty of players in that market.

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Re:In Defense of Electricity Markets by Kbelicius on Thursday October 12, 2023 @08:51AM (#37856478)
> Insurance is a similar market - and big earthquakes might wipe out a whole decades profits.

So not similar but reveres. Big earthquake is an "expenditure event" for an insurance company, not an "income event".

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Re:In Defense of Electricity Markets by londons_explore on Thursday October 12, 2023 @09:02AM (#37856596)
It's a market - so the counterparty has a big expenditure event when the power prices go sky high yet they are selling onwards to a consumer at fixed pricing.
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