Okay, I went and read it because I have more time today and excess electricity causing physical damage is a compelling narrative. But this article doesn’t support that. It’s just plant operators having to pay for people to take their electricity because their plant is obsolete technology and can’t idle. I did check a few other articles too. It seems the damage is financial and a problem because we’ve turned a public good into a for profit capitalist system.
The solution is many things but also to just have modern natural gas plants that are more than capable of flexible output. Of course the profit motive means updates like that only come when forced and boards like the CPUC have been hopelessly captured for my entire lifetime. So instead they shit on their consumers.
lemat_87@slrpnk.net 8 months ago
Yep, this is sadly a physical problem in the essence, not created virtually by capitalist economy. The negative price is just how the capitalist economy reacts at it.
Maggoty@lemmy.world 8 months ago
It is though. The entire reason we’re still using obsolete inflexible technology is capitalism. Might not be able to buy that 4th yacht if we pay to upgrade our LNG plant.
spujb@lemmy.cafe 8 months ago
glad mine was a helpful comment and thanks for your further comment adding detail :) was getting down over all the misunderstanding going on in the comments. cheers!