Electricity has not become scarce. It has become valuable — and those are not the same thing. A commodity becomes scarce when supply contracts; it phase-changes in value when a new class of buyer arrives whose willingness to pay bears no relationship to the historical price. That is what artificial intelligence has done to power.
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06.22.26
Intelligence Briefing
The Repricing of Electrons: FERC’s June 18th Orders-to-Show Cause
When a Commodity Phase-Changes: FERC’s Six-RTO Intervention, the Cost-Causation Question, and What a Century of Markets Says About Who Pays
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