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this post was submitted on 17 Dec 2023
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The free market solution would allow communities to negotiate contracts that DID hold the provider liable and allow competitors to emerge that would focus on different aspects like reliability, renewable production or integration with other grids.
If you aren't aware of the story of Central and Southwest Corporation (a Texas power company) and thr "midnight connection", it's the type of story that I'm sure is nearing the top of Netflix's documentary todo list.
https://www.kut.org/energy-environment/2022-09-08/texas-energy-island-the-disconnect-vernon-midnight-connection
If what Texas has with ERCOT is neither free market nor a public utility, what is it?
A profit generating machine.
Free market when Republicans say it can be free- like free to pollute.
I presume your post is just informational with a rhetorical question at the end to get people to think.
But if you have any doubts as to why "free market" solutions don't ever work even remotely as well as theoretical models would suggest in the US, there's a simple answer that always appends itself before any other legitimate challenges can be honestly addressed.
There are no truly "free market" solutions in the US.
There is no reason for the rulers to allow the politicians to legistate the ability for anyone to threaten their supremacy without Byzantine, unjust, and decidedly non-equitable loops powered by the Establishment powers that the wealthy have captured.