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.
Mining is a market. Plain and simple. You know fine well there's no drills and spades involved - it's a metaphor. So give up on the metaphorical dynamics for a moment and see it for what it is in accounting and economic terms.
To obtain a coin in that "market" you need a currency. The market currency is energy. That is the respect in which electricity companies are "mediating the bidding". I don't think this really needs explaining to anyone who understands accounting, it's obvious and it's also obvious (numerically) that if you release coin into that market without exposing it to competitive bidding, it will simply chronically erode the price, so that needs to be done extremely sparingly. Not like dumping half the supply into the ecosystem with a zero price tag like we're doing.