Be more explicit. What is wrong with this? It's not all the time, it's only in times of extreme need.

Variable pricing like this enables all sorts of cost saving technologies that bring down the cost of the grid and generating power for everyone, by spending a lot for a very short time, instead of building tons of extra large assets that sit mostly idle.

If somebody is providing a service that operates on the whole sale market, they deserve to get paid like all the other generators that are helping to keep the grid running in these times of need.

Peaker gas plants make this much money all the time. But you see no problem when its fossil fuel generation. But its a problem when people get paid?

Not only do peaker plants make the most bucks/KWH, but they increase prices for all generation because of how auctions operate.