This fuckery is so large, I am beyond words. Apparently, the good folks in NYC will be paying for their luxurious air conditioners. It’s quite all right, frankly. New Yorkers are exceedingly wealthy and can afford such trivial spikes in price.
If you enjoy the content at iBankCoin, please follow us on TwitterSpot electricity catapulted to $1,042.37 a megawatt-hour at 3:25 p.m., from less than $50 earlier in the day. The agency that oversees New York’s power system issued an alert in advance of the storm that cut the amount of electricity allowed to be carried across transmission lines feeding the city, energy data provider Genscape Inc. said.
Usually, starting up local generation can quickly ease price spikes. New York, however, is on day five of a heat wave that’s expected to last through Thursday, and backup oil-fired plants in the city are already online to help power air conditioners. So curtailing supplies is adding sparks to a power market that had, until Monday, been humming along quietly as New Yorkers boiled with the rising temperatures.
Drudge has headline photo of cross eyed Debbie. Priceless. These DNC freaks are the best circus in town.
A rhetorical comment or three-
If near instant dynamic pricing of electricity can soar to $1,000 in times of low supply, there should also be times when it can fall to a dollar.
Ironic how speed cams can fine you for going too fast, but they do not reimburse you when traffic is backed up.
A local EZ Pass toll road seems to genuinely dynamic, the same stretch of road can be 5 cents or 4 dollars depending on demand.
hmm from a “market” standpoint, speed cams and dynamic toll roads are at odds with one another. The toll road charges more when it is jammed with demand and moving slow, the speed cam road does the opposite, charging when there is little demand and it is possible to go fast.
You bunch of pussies.
Some Enron era shit