so I can't tell the difference between regulated markets and unregulated markets. In this system, you said ercot is the wild wild west a dozen times, but you never explained why it is the wild west, and how the better, more mature, and more sophisticated government regulators who are never bought and paid for by industry (for instance how the regulators in medical have been purchased in order to make sure insurance costs keep rising) how are regulated better than non regulated, and then you explain day ahead and 5 min, and then kind of imply that both reg and nonreg use the same system. I am so confused.
so I can't tell the difference between regulated markets and unregulated markets. In this system, you said ercot is the wild wild west a dozen times, but you never explained why it is the wild west, and how the better, more mature, and more sophisticated government regulators who are never bought and paid for by industry (for instance how the regulators in medical have been purchased in order to make sure insurance costs keep rising) how are regulated better than non regulated, and then you explain day ahead and 5 min, and then kind of imply that both reg and nonreg use the same system. I am so confused.