Monday exceeded the capped price of A$300 per megawatt-hour
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That’s the problem. They have some mandated maximum price there.
When the real price gets above the maximum they can charge, they shut down, regardless of demand!
Kind of catch 22.
When the real price gets above the maximum they can charge, they shut down, regardless of demand!
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This happens every time they mandated maximum prices.
For like last thousand years!
Price control = shortages.
Would they ever learn?