If that was true, regulations wouldn’t drive producers into bankruptcy,
Oh PLEASE! Regulations drive producers into bankruptcy because the same product is made elsewhere for less.
You can’t import electricity from China and your cite of the indifference curve betrays a lack of acumen concerning a commodity that consumers cannot do without, although they can curtail.
Users on the grid will pay all or more than they can bear until they sit in the dark.
I suggest that you brush up on logical thought. - and read the article again.
Do you act the screaming idiot just so that people won't bother replying and you can feel like you "won"?
Sheesh.
You still don't understand the substitution effect.
You can’t import electricity from China and your cite of the indifference curve betrays a lack of acumen concerning a commodity that consumers cannot do without, although they can curtail.
Sure you can. It would just cost a lot. In some cases it's worth it, seeing as we import electricity from China right now stored in batteries.
Users on the grid will pay all or more than they can bear until they sit in the dark.
You forgot "use less," thus illustrating your basic lack of comprehension of a simple demand curve. Then there is "use something else." A classic example in the electrical market is when people substitute natural gas to heat their domestic hot water when electrical prices rise and heating water with electricity is too expensive (a good example of the substitution effect, BTW). The point of indifference is that price beyond which they will make the change.
Seeing as I've written a book on the topic of regulatory corruption and what to do about it, there may not be another FREeper who knows more about the corrupt economics of regulatory government.
If you want a better understanding of regulatory racketeering in the electrical market, I suggest you read this. Maybe you'll even figure out who wrote it.