Re: Bitten by NIMBY, CA power system goes socialist...

From: Chris Hibbert (
Date: Thu Jan 18 2001 - 10:32:26 MST said:
> Is there other evidence available that the California markets actually
> follow this highest-price-of-the-day policy?

I'll try to contact Michael Lynch and see what his evidence was. I thought
I had heard this before I saw this article, but as you point out that could
just be due to contagious misinformation.

If this isn't the case, what alternative hypothesis explains the role of
the $150/MWh price cap?


Chris Hibbert         It is easy to turn an aquarium into fish soup, but    not so easy to turn fish soup back into an aquarium.
                        -- Lech Walesa on reverting to a market economy.

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