Dan Minette wrote:
>
> Retail prices are not critical. The fact that the California power
> companies have to pay spot market prices, which are very high, for wholesale
> electricity is critical. It doesn't matter that the retail price is lower
> than the retail price in California for retail electricity. The power
> plants in those states cannot cut their own customers off to sell
> electricity wholesale. So, when the demand for wholesale electricity
> exceeds the supply, that price goes way up. In short, retail price is fixed
> (or close to it), wholesale is what the market will bear.
Sounds like what you are telling me is that our "crisis" is based on poor
planning by the distribution companies that, in fact (from what I understand)
were behind this whole deregulation debacle. N'est pas?
Doug
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