You're the one who said the regulation was legitimately about preserving power capacity. Either it can be handled through competition with adequate regulation to assure the power is up to specs and isn't sold at a loss to kill competition or it cannot be and we should admit that there isn't a market solution in that situation.
Only in your mind is it an "either or" or binary decision. There are many levels of in between that are in place and do work quite well.
The thing with wind power is that once the start-up costs are sunk, there are very few cases where it makes sense to cease operations.
Except when it isn't profitable to maintain them or control the distribution of the power to them. You do not exactly put a wind turbine in the ground and forget about it. The blades need to feather with the strength of the wind and in some cases locked altogether, power needs switched from wind sources to others when there isn't enough and power needs to be constantly monitored and directed to where it is needed because of the changing nature of wind generated electricity.
So either they cannot let market forces do what they do and we need to admit that the market isn't going to work there or we need to boot out the corrupt regulators who are distorting the market to benefit their cronies. It is notable that Texas (being Texas) has also not connected to either the Eastern or the Western grid.
Why are you pretending that this system was just thought of last night? Its been in place and working the way the government and regulators want it to work for almost a century. All we have to admit is that you do not understand it and do not like it for reasons probably sunk into your misunderstandings.
Many highly successful countries with high standards of living selectively socialize where it makes the most sense.
Yes, there are some countries who mix just enough capitalism with socialism that they have a high standard of living and don't end up like those hellholes I linked to previously. Some of these countries are Spain, Greece, Ireland, and Iceland, which just needed major bailouts by other European countries in order to avoid bankruptcy with one actually going bankrupt.
The point you are missing WRT to value pricing is that where there is adequate competition there can BE no value pricing. Competition will force the price to approach the marginal cost of production.
This is only true if there is an unlimited or virtually unlimited supply. The problem is that rarely exists in the real world.
Market forces should force the price down to the price of the cheapest model and then force all features to be enabled at that price (since clearly they CAN afford to do so profitably).
No- not really. You see, as long as demand outstrips supply, the price goes up. Only when you can keep supply higher then demand does it constantly go down. This is what happens when you jack the price of 90% of electricity generated up in the hopes that a new model will be developed. It just increases costs, the wind energy comes on line and lowers the demand by increasing the supply, and therefore decreasing the costs until one of the 90% decides to shutter the plant and demand jumps again. Meanwhile, these windmills who aren't artificially inflated continue to sell market price and simply bank the extra until more supply comes along.
A market that doesn't do that in short order is an unhealthy market
That is probably why I keep telling you that it isn't a free market and it isn't pure capitalism. Electricity generation is not an "anyone can enter" market, it is not a you can go from 1MW to 1gW over night market. Everything is heavily regulated.