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Joined 1 year ago
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Cake day: June 11th, 2023

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  • Your explanation works very well, but completely falls apart in the last paragraph.

    Solar power production clearly is (at least in part) a post-scarsity scenario, given we literally have too much power on the grid.

    Furthermore, calling the power market anything like “free” is just plain wrong. A liberal approach to market regulation here would have led to disaster a long time ago, for the reasons you described at the beginning of your comment.

    The market “works” because of, not inspite of regulation.

    And negative prices are a good thing for consumers, not market failure.