>The practical answer is that during extreme weather, there are never enough people willing to voluntarily freeze. The demand for heat when it's below freezing in a state where homes aren't insulated and people don't own winter clothing is relatively inelastic.
Not exactly. While it's true that people are willing to pay infinite dollars to not freeze (aka stay alive), there are a variety of ways to do it that don't involve using electricity. eg. starting a fire (risky I know), or cohabiting with relatives.
Not exactly. While it's true that people are willing to pay infinite dollars to not freeze (aka stay alive), there are a variety of ways to do it that don't involve using electricity. eg. starting a fire (risky I know), or cohabiting with relatives.