I’m not sure how it works in Europe, but power grids being privatized is a big issue in USA. It’s essentially a monopoly where one company owns and operates the grids in one or a few states. There’s no incentive to maintain the grid because there’s no competition and they receive government funding whenever a crisis like this occurs. It’s cheaper to just eat the fines than it is to buy electricity from neighboring states.
I’m not sure how it works in Europe, but power grids being privatized is a big issue in USA. It’s essentially a monopoly where one company owns and operates the grids in one or a few states. There’s no incentive to maintain the grid because there’s no competition and they receive government funding whenever a crisis like this occurs. It’s cheaper to just eat the fines than it is to buy electricity from neighboring states.
I think competition is not part of problem here. Privatization is.