Three months later, a private company, "Apex Power," owns all three gas plants around Metropolis. During a cold snap, they simultaneously bid $2,000/MWh for all their capacity. It’s not illegal; it’s "strategic bidding."
The final act deals with the physical reality of the grid—transmission lines that can only hold so much power. He explains "congestion pricing" and how to set different prices at different locations to keep the grid from overloading. Amazon.com Key "Plot" Twists The Marginal-Cost Fallacy: power system economics steven stoft pdf