3 Comments

Hayekians can see through the ISO/RTO centrally planned electricity market, which is imbued with the 'knowledge problem' and protected by sovereign immunity. (Public Choice issues too). Distributed generation is at odds with economies of scale and scope of the industry.

Government subsidies for wind, solar, and batteries are the antithesis of a free market approach to electricity. What not dispense with the government framework?

Expand full comment