How Utilities Are Coping With Disruption
A free market can be a beautiful thing. Buyers and sellers are systematically paired while prices reflect various levels supply and demand. One of the most interesting markets is found in the power industry. But traditionalists are perplexed. They love the idea of free markets. They also love the idea of utilities. Unfortunately, free markets and utilities cannot coexist.
It is a simple concept that eludes many. When the power market conducts an auction for energy, the auction is only about power. Since electricity is perfectly fungible, the market is indifferent toward the sourcing of the energy. The market doesn't care if the energy came from a coal plant, a nuclear plant, a solar plant, a wind plant or your neighbor's exercise cycle. The market only cares about the commodity and its delivery....625 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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