![]() ![]() Mark Mathis explains just why subsidised wind and solar is driving power prices through the roof.īlackouts in Texas and other parts of the country in February 2021. In the USA, wind and solar operators have rigged the market to such an extent that, if this were a casino in Vegas, they’d be frog marched out the front door. And that it might avoid freezing or boiling in the dark, or having to shut down its business operations, altogether.Īt the head of the supply chain, though, there will be a bunch of avaricious young punks hoping to cash in on your desperate need for power. ![]() These days, when the sun sets and/or calm weather sets in, there will be a household or business at the end of the line hoping that its numbers come up. With an increasing role for wholly weather-dependent power sources, the supply of electricity has become more like Roulette. Nowadays, there’s no need to ‘engineer’ sudden collapses in output: mother nature does that all by herself and since we’ve become critically reliant upon wind and solar, well, market rorting is all the easier. Following which they would wait until the grid was on the brink of collapse, and offer to supply the grid at prices a thousand times the prevailing market rate. ![]() Back then, Enron’s traders would wait for a spike in power demand and then ‘engineered’ either a gas supply interruption or shutdown of a gas-fired power plant, on the premise of “unscheduled maintenance”.
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