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Joined 2 years ago
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Cake day: February 23rd, 2024

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  • Honestly, after your reading youre examples, it seems like things are worse today.

    25 people were killed in the Salem witch trials. That is about the same number of unarmed black people killed by police every year.

    And in your other example, 5 million people were killed in 154 years. In the post 9/11 Middle East wars, there were about 1 million people killed in 20 years. There were 100,000+ civilian deaths in Iraq which was the result of misleading WMD lies. So a lot of death from a “wrong” messenger in modern days too.




  • Correct. The system is supposed to encourage investment in efficient energy production so that it can sell energy at the level of the most expensive energy that is brought to market. Resources for the Future explains it like this:

    The capacity market auction works as follows: generators set their bid price at an amount equal to the cost of keeping their plant available to operate if needed. Similar to the energy market, these bids are arranged from lowest to highest. Once the bids reach the required quantity that all the retailers collectively must acquire to meet expected peak demand plus a reserve margin, the market “clears”, or supply meets demand. At this point, generators that “cleared” the market, or were chosen to provide capacity, all receive the same clearing price which is determined by the bid price of the last generator used to meet demand.