But ERCOT energy is also cheaper than the US national average. The reason that 25% of global PVC production was ultimately sourced from Texas was probably linked to those power costs.
I'd rather my regulators copied ERCOT than what they are actually doing; I pay a lot for power because of serial gold-plating of infrastructure. Then maybe Australia'd be able to afford to manufacture something in globally significant quantities.
Not "fixing" things can lead to better outcomes for most people.
I'd rather my regulators copied ERCOT than what they are actually doing; I pay a lot for power because of serial gold-plating of infrastructure. Then maybe Australia'd be able to afford to manufacture something in globally significant quantities.
Not "fixing" things can lead to better outcomes for most people.