Hardware produces a certain amount of energy and when too much energy gets produced that has the potential to damage the grid. It’s no market failure if there are people willing to pay to have that energy used up to prevent the grid from being damaged.
The normal energy market needs roughly the same amount of energy every day. It’s currently not setup to use three times as much energy at days where three times the amount of energy gets produced.
What’s valuable to buy for current energy consumers is the guarantee that they can get a certain amount of energy at the time they want to consume that energy.
Hardware produces a certain amount of energy and when too much energy gets produced that has the potential to damage the grid. It’s no market failure if there are people willing to pay to have that energy used up to prevent the grid from being damaged.
The normal energy market needs roughly the same amount of energy every day. It’s currently not setup to use three times as much energy at days where three times the amount of energy gets produced.
What’s valuable to buy for current energy consumers is the guarantee that they can get a certain amount of energy at the time they want to consume that energy.