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Yanis Varoufakis: Power, Markets & Power Markets - Ep104

Cleaning Up: Leadership in an Age of Climate Change

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Is the Pricing Question Working?

I want to go back to the pricing question because I did find that that was fascinating. And I'm not sure we finished because the markets are not just electricity. The market also includes inertia, frequency response, backup of various sorts and ramping. Is that all going to be done in the same way? Because each of these are effectively separate little markets. There's a market for keeping the voltage right. There're a market for what do you do if there's an eclipse? Who is supposed to deal with that? And there are all these different markets. It's working perfectly well. But let's move back to one thing.

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