This would seem to be an opportunity for entrepreneurship. Where there is excess electrical energy, capture that energy in electrochemistry, hydrogen production, pumped storage, plating.
I agree with your take- if the supply goes up, costs should come dwn, not be artificially “stabilized” to protect some investment that was, probably, 90% tax funded anyway.
If you are up to your eyeballs in crude oil and gasoline consumption is falling like a stone then of course we see the near record prices we have right now.
Everybody knows a overstocked product's price will go up, not down, right?
Paying wind energy producers when the wind isn’t blowing will help them become economical. Yea, right.