Blake King (Galaxy Digital) on Mining, Transmission, and Curtailment (EP.362)
On The Brink with Castle Island
Is the Price Signal Important at This Time?
It's interesting where being long something gets you the headline risk, but because it's power, it implies human misery if it becomes very expensive. You're seeing that now in Europe, or actually in in Kaiso in California, ISO where they almost had a blackout and Kaiso had capped their price signal at $2,000 a megawatt hour. And one of the things that people are saying is the reason for that is that they didn't have a higher price signal.
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