Electricity deregulation from decades ago means (essentially) "just in time" built electric power plants, and no profit in building a power plant that is only used during peak periods.
This sort of thing I can no longer blame on incompetence. It is a designed failure.
True. At the time it was sold as if it was going to save consumers money via competition, which it never has, and never will.
Deregulation was only about power companies being able to increase prices without a regulatory board to slow them down. My ex wife worked for the power company and tried to argue the company line to me. I told her she can believe what she wants, but the company line was a lie. She never was good at thinking without someone like a tv to make her mind up for her.
Laws against "gouging" is what causes shortages. If people aren't allowed to charge what the goods are worth when there is a shortage, there is no incentive for manufacturers or resellers to stock up for just such a shortage.
They're closing down coal fired plants because of pfas or green shit or whatever
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