🚀 go-pugleaf

RetroBBS NetNews Server

Inspired by RockSolid Light RIP Retro Guy

Article View: sdnet.general
Article #108

Re: Outsider viewpoint of CA power crisis

#108
From: John Higdon
Date: Mon, 21 May 2001 23:15
28 lines
2697 bytes
in article 4veO6.207$sA6.10935@typhoon.sonic.net, John Navas  wrote:

> The problem with that logic is that sellers know the highest price you
> are willing to pay, which substantially reduces their motivation to bid
> lower prices.  Because there are relatively few sellers with
> considerable market power, normal supply and demand doesn't necessarily
> apply.

It certainly does during off-peak periods. There is plenty of loose power
during off-peak times and moderate-climate days. You may indeed end up
paying your top-dollar amount during the tightest supply periods...but isn't
that better than just paying "the sky's the limit"?

> Different kind of equilibrium.
> 
> The smart buyer never discloses to sellers the actual highest price the
> buyer is willing to pay.

Does the Buyer's Cartel have to reveal today's "top price"? A supplier can
quote the rate and the cartel can say "no thanks". Only if the sellers get
together and talk amongst themselves about the rates being charged
(otherwise known as "collusion") would they even be able to figure out
today's cap. Tomorrow's cap is a new ball game.

-- 
John Higdon     | Email Address Valid | http://www.anntec.com/
+1 408 264 4115 |  Silicon Valley, CA | FAX: +1 408 264 4407
  Cheap, provincial San Franciscans can call: 415 428-COWS
Technical Details
Message-ID: <B72EEF9D.3DA22%no-spam@RadioMonopoly.com>
Path: arc1-ca.pugleaf.net!archiver1.google.com!newsfeed.google.com!sn-xit-02!supernews.com!news.tele.dk!216.218.192.242!news.he.net!news.kjsl.com!news.announcetech.com!131.161.250.162
References: <9e1rc7$gdj$1@slb1.atl.mindspring.net> <9e1ues$bhp$1@agate.berkeley.edu> <3b048770$0$193$e2e8da3@nntp.cts.com> <C_%M6.206$1R4.7766@typhoon.sonic.net> <B729FCC4.3D626%no-spam@RadioMonopoly.com> <rG8O6.150$sA6.9814@typhoon.sonic.net> <B72E9045.3D9C6%no-spam@RadioMonopoly.com> <4veO6.207$sA6.10935@typhoon.sonic.net>

Show Full Headers
Complete Article Headers
X-Google-Language: ENGLISH,ASCII-7-bit
X-Google-Thread: 10b619,af5e5edc3039a6a2
X-Google-Attributes: gid10b619,public
X-Google-Thread: f824f,af5e5edc3039a6a2
X-Google-Attributes: gidf824f,public
X-Google-Thread: 107d03,af5e5edc3039a6a2
X-Google-Attributes: gid107d03,public
X-Google-ArrivalTime: 2001-05-21 16:17:13 PST
User-Agent: Microsoft-Outlook-Express-Macintosh-Edition/5.02.2022
Date: Mon, 21 May 2001 16:15:25 -0700
Subject: Re: Outsider viewpoint of CA power crisis
From: John Higdon <no-spam@RadioMonopoly.com>
Newsgroups: sdnet.general,ba.general,la.general
Message-ID: <B72EEF9D.3DA22%no-spam@RadioMonopoly.com>
References: <9e1rc7$gdj$1@slb1.atl.mindspring.net> <9e1ues$bhp$1@agate.berkeley.edu> <3b048770$0$193$e2e8da3@nntp.cts.com> <C_%M6.206$1R4.7766@typhoon.sonic.net> <B729FCC4.3D626%no-spam@RadioMonopoly.com> <rG8O6.150$sA6.9814@typhoon.sonic.net> <B72E9045.3D9C6%no-spam@RadioMonopoly.com> <4veO6.207$sA6.10935@typhoon.sonic.net>
Mime-version: 1.0
Organization: Green Hills and Cows
Content-Type: text/plain; charset="US-ASCII"
Content-transfer-encoding: 7bit
NNTP-Posting-Host: 131.161.250.162
X-Trace: 21 May 2001 16:15:25 -0800, 131.161.250.162
Lines: 29
Path: arc1-ca.pugleaf.net!archiver1.google.com!newsfeed.google.com!sn-xit-02!supernews.com!news.tele.dk!216.218.192.242!news.he.net!news.kjsl.com!news.announcetech.com!131.161.250.162