Comment on $12B of US ratepayers' money wasted on a modeling mistake in PJMparentComments−logicchains26dthe way electricity works physically (coupled with the way societies have been built around it being readily available) makes it fundamentally impossible to manage through market forceThis is anti-scientific woo. Both theoretically and empirically market-based electricity systems are much more efficient, that's why even China is adopting one: https://www.enerdata.net/publications/daily-energy-news/chin...−stymaar26dThis is anti-scientific woo.This is hilarious coming from someone defending a concept that assumes neither thermodynamics nor Maxwell's laws exist.Both theoreticallyWhen making preposterous hypothesis you can prove literally anything to be efficient.and empiricallyAh yes, like the PJM and the European market are “empirically efficient”.
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This is anti-scientific woo. Both theoretically and empirically market-based electricity systems are much more efficient, that's why even China is adopting one: https://www.enerdata.net/publications/daily-energy-news/chin...
This is hilarious coming from someone defending a concept that assumes neither thermodynamics nor Maxwell's laws exist.
When making preposterous hypothesis you can prove literally anything to be efficient.
Ah yes, like the PJM and the European market are “empirically efficient”.