Michael Collins wrote:
> IIRC this is done in Switzerland too, and there had been some controversy
> because the Swiss were buying cheaper power from neighbouring countries
> overnight and selling power back to them during the day at higher rates.
>
Huh?
If building the storage facility were free, I could see how some might
complain. As it is, such things are very expensive to build and have
significant operating costs. What's wrong with making a return on the
investment?
Has European socialism reached such a point? Or are power rates
politically determined more than economically, so that the Swiss are, in
effect, meddling in the politics of their neighbors?
The economics of the Raccoon Mt. facility are pretty straightforward. It
was much more cost effective to build a time shifting storage facility
than full time capacity that would be underused much of the time.
Moose
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