Friday, August 15, 2003

Mother of all Blackouts

We've just got the power back on after 23 hours here in Toronto - the whole town has been hurting again. The air conditioning finally got the better of the power stations.
Ontario has been bribing the voters (with their own money) by keeping the price of juice artificially low - they tried to fix the market and the market fixed them! If you sell electricity for less than cost don't be surprised when demand outstrips supply.

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