Sunday, February 28, 2021

The invisible hand of the marketplace flips off Texas residents

 


NPR, 2/27/2021
The eye-popping amount was made possible because of Texas' reliance on free market principles — competition between a multitude of companies — to manage its supply of electricity. 
When demand is high and supply is low, market prices go up, by design. It's supposed to motivate companies to bring more power to the grid.

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