"Electricity travels at the speed of light," Lucas whispered to himself, highlighting a paragraph in the PDF. "But the wires have limits."
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: Defines how market power is exercised and modeled. "Electricity travels at the speed of light," Lucas
While regulators often cap prices to protect consumers, Stoft warns that incorrectly set caps can destroy the incentive to build new plants, eventually leading to blackouts. 3. Market Architecture: Day-Ahead vs. Real-Time " Lucas whispered to himself