Wow this is such an informative thread, there is such a depth of...

Wow this is such an informative thread, there is such a depth of knowledge and it's great to see the debates and the different perspectives. It’s absolutely amazing! Aesi, Bark, Shrewd and Skeoch thank you so much for sharing your insights and knowledge.

Shrewd I think you’d make a great regulatory economist and many other things. Your logic and framework allows one to make good educated predictions of where the pluck might go. I see the regulatory cycle your framework outlines in many different states and countries. Your theoretical explanation of how wholesale electricity markets work is illuminating. Aesi provided some fascinating real life examples of what the theory predicted. Game theory and players protecting their long/short/hedge positions all have an influence on wholesale prices rather than just marginal cost. That’s just phenomenal, it gives us budding economic students some hope we can contribute to the real world. Aesi you must have a very interesting job trading electricity!

Skeoch thank you for the voluminous and educational material. The issue is Google gives me what I want and tends to reinforce confirmation bias. It is harder to follow your overall framework, a lot are isolated views of only one part of the system and some of your arguments contradict each other. The material you provided are all very interesting and very educational just difficult to follow through to your conclusions. Not sure your arguments will stand the test of time. Aesi's experience indicates it won’t.

I haven't even thought about Bark's long term vertical integration model.

If Hot Copper had trading tools and valuation tools I don’t think I’d ever leave the site. You can learn so much in these forums. Quack absolutely nailed how the share price would move just from trading and no fundamentals!