Knobby22
Mmmmmm 2nd breakfast
- Joined
- 13 October 2004
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The Liberal response is to pass laws that can fix prices, force owners to sell generating plant and try to have someone build new generation for baseload by someone who is not one of the present cartel with the use of grants and special encouragement in the form of guaranteed load.No matter what the technology it still needs an efficient system of management, organisation, transmission, distribution, retail etc if it is to deliver economical power to consumers.
There's no point building a new coal plant just so we can back off its output during the peaks so as to force open cycle gas turbines on and spike the price.
All quite interventionist and socialist and against the standard free market response but as you eloquently point out Smurf, the free market is broken. The Chinese owners have bought a gold mine.