Yanis Varoufakis explains why Europe’s embrace of marginal-cost pricing was a bad idea in theory and even worse in practice.

Good article on the crumbling state of the neoliberal EU power markets.

  • zifnab25 [he/him, any]
    ·
    2 years ago

    Going to produce electricity for $0.01-$0.02/kwh via land-based wind turbine and sell it for $.33/kwh in Brussels, because that's the marginal-cost of natural gas right now.

    Fucking genius.