alt Hacker NewsThe power has been great since the freeze. Market forces fixed the problems. People were making $9,000/kwh at times. That's never going to happen again.
Replies
Yeah man market forces man, don’t worry about it man the market fixed it, nah man massive federal subsidies didn’t do anything man don’t worry about it. The inflation reduction act? Never heard of it!
I also would not be so confident about it never happening again, handling the summer well does not indicate necessarily that the winter will go smoothly, they’re different loads.
> Market forces fixed the problems
1) That's assuming that they actually did fix the problems
2) The idea is to plan and regulate so you don't have market forces fixing problems when the problems are dozens of people freezing to death, massive structural damage to buildings, fires, and business stoppages.
> Market forces fixed the problems.
With zero threats from government?
Do you live there? I do. Do you get the texts from ERCOT saying "if you don't turn off some shit the grid will fail due to the weather" several times a year. I do.
> "Great since the freeze"
I take it you know nothing about the back story and didn't listen to the podcast. Prior to this "great freeze" there was another "great freeze" and thing went well for a long time between them until they didn't. Virtually nothing structural that caused the conditions of the failure have changed.