Posted on 12/19/2005 11:20:13 AM PST by calcowgirl
You are right about their viewing profit as bad. So, when the ISO was established it was an artificial market in which the price for a given hour was determined by rules established by the ISO. I don't remembe exactly how they worked, but the problem was that the fair price had to be updated and communicated to ISO traders. On a few occasions, this communications was imperfect and they made deals lower than the rules called for. So, ever fearful of an actual free market, they went back to those providers and required them to raise prices.
What?
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