- cross-posted to:
- nyt_gift_articles@sopuli.xyz
- cross-posted to:
- nyt_gift_articles@sopuli.xyz
It’s worth noting that he also fired many of the staff who know how to ensure that they’re actually safe, as well as the staff who would approve financing.
It’s worth noting that he also fired many of the staff who know how to ensure that they’re actually safe, as well as the staff who would approve financing.
A scenario where you get zero production for a week is very unlikely - broadly speaking, you cope with this by building out production to produce a massive surplus, with various industries that can at variable rates use up the massive amounts of cheap power in the base case, then you build up storage to cope with the most likely scenarios of capacity reduction/smoothing out the price curve throughout the day.
It’s also important to note that demand is far from static - people can and will reduce their usage when incentivized to do so, usually in the form of raising prices in low capacity scenarios. It’s already starting to become quite popular to do so today, with spot price electricity plans allowing people to pay ridiculously low rates by aligning their energy usage with capacity availability - things like charging EVs/running laundry/running dishwashers/storing up thermal energy.
That’s why I wrote “worst case”. Imagine a winter rainy week with short days when heat pumps are running like crazy. But again, I have yet to see real energy storage solutions or real such scenarios.