You might want to consider backing off on whatever you're drinking/smoking/whatever. You've had a lot of extremely rational arguments in the past but you're going full Camosoul on this one. The electricity companies aren't mediating the bidding, they're charging a fixed price per unit and miners are using more or less electricity as value goes up or down.

You could argue that mining has a constant disincentive, "fx you, why should I be doing all this work when you're getting it for free?". That would definitely have legitimacy and reaches equilibrium when MN running costs equal rewards, somewhere around 4$ at the mo but that would adjust in the same way as mining, the number of MNs would reduce.