These organizations conduct daily auctions to buy electricity. You might think I’m exaggerating, but hear me out.ĭo you think it makes sense for wind and solar companies to offer their electricity at one price, but then automatically get paid a higher price… which raises your bill? And wouldn’t you be concerned to know that when we rely too much on unreliable electricity sources…blackouts are much more likely?Īll of this started back in 1999 when the federal government allowed utilities to create Regional Transmission Organizations and Independent System Operators or RTO and ISOs. And our electric grid is becoming far less reliable. Worse yet, this auction-rigging means most people pay higher electricity bills. That’s because the auctions are completely rigged in favor of wind and solar. Blackouts now, and in the future, are a completely avoidable problem that Congress should fix immediately.ĭid you know a lot of electricity American’s use comes to them through a series of auctions? Weird, right? Well, brace yourself, because it’s about to get a lot weirder. The system gives wind and solar companies an unfair advantage, which has led to too much unreliable electricity generation from wind and solar. Why? It’s happening because of a complex, market distorting (and ridiculous) system of having electricity producers bid to provide you power.
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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