It’s crazy to me that policy makers insist that electricity generation has to be profitable. Just nationalize it. We could have a surplus of greenhouse gas free thermal power not only for electricity, but for heating and steel, fertilizer, and vehicle fuel production for years by now. Instead we have to wait to figure out how to satisfy investors and keep electricity just scarce enough.
It’s crazy to me that policy makers insist that electricity generation has to be profitable. Just nationalize it. We could have a surplus of greenhouse gas free thermal power not only for electricity, but for heating and steel, fertilizer, and vehicle fuel production for years by now. Instead we have to wait to figure out how to satisfy investors and keep electricity just scarce enough.
This is not how you get a surplus. This is how you get unreliable grid that’s too expensive to operate and impossible to fix.