bilby
Fair dinkum thinkum
- Joined
- Mar 6, 2007
- Messages
- 39,602
- Gender
- He/Him
- Basic Beliefs
- Strong Atheist
When you have a surplus to sell (of any product), that's a success.
A minor nit, but surpluses such as the one discussed here are created by spending capital. Capital that could be spent on other things. To the extent more capital is spent to achieve the same end, society is worse off.
And, they don't have "so much power it is going to waste". The grid is being balanced instantaneously. The negative price is a product of the regulatory overlay.
A major nit - my entire point is that they don't have 'a surplus to sell' if they have to pay someone to take it. Selling is what happens when someone pays you for your product. When you pay someone else to take it, it's not a product anymore; it's waste - or to use a suitable synonym, garbage.
Perhaps if you were to read more than just the first line of the third paragraph my post, you would grasp that I am explicitly declaring that they are NOT A SUCCESS in any way. As is made completely clear by the very next sentence. That paragraph in full:
When you have a surplus to sell (of any product), that's a success. When you have to get rid of something and you are prepared to pay someone to take it off your hands, that's pure waste.
