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)
“Power, I said. Power to walk into the gold vaults of the nations, into the secrets of kings, into the holy of holies. Power to make multitudes run squealing in terror at the touch of my little invisible finger. Even the moon’s frightened of me. Frightened to death. The whole world’s frightened to death.”
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“‘Tis all men’s office to speak patience
To those that wring under the load of sorrow,
But no man’s virtue nor sufficiency
To be so moral when he shall endure
The like himself.”
—William Shakespeare (1564–1616)