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National electricity market suspended as NSW residents told to conserve power

9 pointsby montalbanoalmost 3 years ago

2 comments

milderworkaccalmost 3 years ago
This suspension has been a genuine Rorschach test for commentators online. There really is something in it for everyone - unreliable coal generators, the startling reality that we don’t have enough storage to live without those coal generators, inflation issues, potentially poor market design, privatisation in the first place… whatever you want to see to file your particular newspaper column is there!
randomhodler84almost 3 years ago
These regulated markets are a scam. Eventually, you will only be able to pay for energy with cryptocurrency, likely Bitcoin, using peer to peer market places.<p>These markets will be unsuspendable&#x2F;unstoppable and lots of people will get rekt while seeking yield through leverage.
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