Patrick Robbins
π€ SpeakerAppearances Over Time
Podcast Appearances
And, you know, in practice, what that looks like is sort of up for grabs, I think.
I mean, there is this kind of, you know, executive orders towards, you know, looking into the problem and encouraging the, you know, proliferation of renewable energy.
And then in Pennsylvania, you have Governor Shapiro with that letter to all of the utilities in his state saying, you know, the utility model is fundamentally broken.
And I will say that I find that very exciting because, you know, he's clearly got his eye on the presidency.
And so this is very likely to be an explicit presidential issue over the next cycle.
Can I say something to that?
Well, I think that, Matt, your point about renewable energy bringing down costs, you know, for everyone, you know, and relieving some of the burden regardless of energy source.
I think that that's really important to keep in mind here.
So the way wholesale markets for electricity work is, you know, it's this kind of Dutch auction model where you have,
different generation sources feeding into the wholesale markets for electricity for a given territory or state in real time, with the cutoff being the amount you need to meet demand at that given time.
It's a little bit of a tricky thing, but bear with me.
And it's arranged by price so that whatever the highest cost supply source is for that to meet that amount of demand, every other supplier gets that
Cost or gets that gets that gets that price.
So then, you know, during the summertime here in New York, we have 10 gas fired peak power plants, which are the dirtiest and most expensive generation sources in the state.
They were all built in the backyards of black and brown communities, working class communities in New York City.
It's a legacy environmental injustice in our grid that organizers have been fighting for, you know, since they were built, basically.
And during the summer, everybody turns on their air conditioner and we have to meet that demand.
And we turn on these gas fired peakers that are extremely dirty and extremely expensive.
And every other generator gets that price when that happens.
Every other generator in the wholesale market gets that price.