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Mandatory Vaccinations and the Big Freeze in Texas

After Hours

CHAPTER

The Inability of the Market to Create the Rigt Incentives

As climate change becomes real and storms become more frequent, there is a big roll for markets. Whenever we're in an unusual situation, prices will spike. And then if you are the utility that can still provide energy, water, whatever it is, that's a big incentive. The inability of the market to create the rigt incentives is twofold. On one hand, if market participants, correctly or incorrectly, think that these s are super rare, then you know, the return on investment calculations don't look very favorable, and i'm not going to do it. Second problem is that the capacity was sold at just enormous prices because few utilities were involved.

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