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)
“There are times when they seem so small! And then again, although they never seem large, there is a vastness behind them, a past of indefinite complexity and marvel, an amazing power of absorbing and assimilating, which forces one to suspect some power in the race so different from our own that one cannot understand that power. And ... whatever doubts or vexations one has in Japan, it is only necessary to ask oneself: “Well, who are the best people to live with?””
—Lafcadio Hearn (1850–1904)
“Men so noble,
However faulty, yet should find respect
For what they have been. ‘Tis a cruelty
To load a falling man.”
—William Shakespeare (1564–1616)