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To: portage who wrote (55994)1/10/2001 8:48:29 AM
From: flatsville  Read Replies (1) | Respond to of 436258
 
portage--

I think we could easily conserve our way through the next few years if there was a better way to coordinate it (and to be able to see the costs with real time metering), but the main drama is going to be over the unbelievable rates that are gamed during the peak time bidding in this crazy spot market system. That is, if Herr Davis doesn't move in with some savior plan before then.

Unexpected demand pop overcame supply, and the bidding system under dereg gives the highest peak crunch price to all suppliers, not just the one who got that bid. Who on earth dreamed that one up ? One might guess that some clever power providers slipped it by some tired, unaware, $35,000 or whatever per year state legislators.

The above is a license to fleece. Pull a few generators (mysteriously) off line and you can rape 'em.

If I recall there were two generating capacity/operations studies: one by the economist in Oregon which implied supply had been artificially curtailed and the other conducted by the ISO which claimed no improper behavior on the part of generators took place, but won't release the results. Hmmm...

Until you remove the license to fleece on the part of the utes, they will take every supply crunch opportunity to commit larceny.