> On the flip-side, the power market is now seeing a bigger gap between low and high-priced hours, increasing the incentive to invest in storage, he added.
Free markets work for people with power and wealth. Free markets do not work for people who need insulin to survive, for one example.
The free market failed so spectacularly that we had to introduce legislation to regulate the insulin market. You know, so people don't die horrific deaths because they can't afford a medicine that costs essentially nothing to produce.
Can someone explain the game theory of a "pure free market" where the second a competitor gains any advantage, how wouldn't it mathematically imply total domination of the market?
Seems like the system is working