Mitigation of The Monopsony Power of Load
Load is often large enough to influence the market outcome by varying the quantity they bid into the DA market. Virtual bidding mitigates this power by allowing other market participants to simply bid in the load that was under-scheduled.
Read more about this topic: Virtual Bidding
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“Law is a thing which is insensible, and inexorable, more beneficial and more profitious to the weak than to the strong; it admits of no mitigation nor pardon, once you have overstepped its limits.”
—Titus Livius (Livy)
“The individual protests against the world, but he doesn’t get beyond protest, he is just a single protester. When he wants to be more than that, he has to counter power with power, he has to oppose the system with another system.”
—Friedrich Dürrenmatt (1921–1990)
“The only human beings I have thoroughly admired and respected in the world have been those who carried the load of the world with a smile, and who, in the face of anxieties that would have knocked me clean out, never showed a tremor. Such men and women end by owning us, soul and body, and our allegiance can never be shaken. We are only too glad to be owned. Religion is nothing but this.”
—Henry Brooks Adams (1838–1918)