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0 pointsheyitsmedotjayb1mo ago0 comments

Unregulated free markets optimizing for the least efficient, and highest possible price to the consumer? That's interesting, because its 100% the opposite of what I've been told my whole life.

0 comments

ZeroGravitas1mo ago

It's not the highest possible price, it's roughly the same price but with less transparency and some fudge factors added due to uncertainty.

In a world where renewables are cheaper the transparency speeds the transition

heyitsmedotjaybOP1mo ago

It floats oil and gas profits with huge public subsidy while ensuring nobody in the market realizes benefits from alternate sources. It slows/blocks the transition.

ZeroGravitas1mo ago

I have no idea what you are talking about.

I'm open to the idea that oil and gas are protected and subsidized in many different ways.

Accurate information on how much more they costs than renewables I don't see the link.

Accurate prices are good. Actions that stop the market acting on the accurate prices are bad.

heyitsmedotjaybOP1mo ago

Why would anyone address the additional challenges and reliability concerns of renewables, when oil can be purchased for the same price? What kind of incentive does that set up?

1 more reply

maxerickson1mo ago

Why do you see it that way?

The idea behind the regulation is that it's providing the maximum incentive to bring cheaper electricity to market.

If you try to mandate that high cost producers charge less, they will do what makes sense to control costs and then quit altogether once they are losing money.

j / k navigate · click thread line to collapse

0 comments

ZeroGravitas1mo ago

It's not the highest possible price, it's roughly the same price but with less transparency and some fudge factors added due to uncertainty.

In a world where renewables are cheaper the transparency speeds the transition

heyitsmedotjaybOP1mo ago

It floats oil and gas profits with huge public subsidy while ensuring nobody in the market realizes benefits from alternate sources. It slows/blocks the transition.

ZeroGravitas1mo ago

I have no idea what you are talking about.

I'm open to the idea that oil and gas are protected and subsidized in many different ways.

Accurate information on how much more they costs than renewables I don't see the link.

Accurate prices are good. Actions that stop the market acting on the accurate prices are bad.

heyitsmedotjaybOP1mo ago

Why would anyone address the additional challenges and reliability concerns of renewables, when oil can be purchased for the same price? What kind of incentive does that set up?

1 more reply

maxerickson1mo ago

Why do you see it that way?

The idea behind the regulation is that it's providing the maximum incentive to bring cheaper electricity to market.

If you try to mandate that high cost producers charge less, they will do what makes sense to control costs and then quit altogether once they are losing money.

j / k navigate · click thread line to collapse