Re:Equivalent of 97% of Scotland’s 2020 electricity consumpt...
by WalterBright on Friday March 26, 2021 @11:53AM
(#26593551)
This sounds like consumer electric rates are fixed 24/7. Fixed prices always lead to gluts and shortages.
Having prices vary minute by minute depending on supply will create powerful incentives for users to shift their demand. As I've written here many times, there are many many ways people can shift their demand.
Such as running the hot water heater only when electricity is cheap. Charging your electric car battery only when cheap. Etc.
Having prices vary minute by minute depending on supply will create powerful incentives for users to shift their demand. As I've written here many times, there are many many ways people can shift their demand.
Such as running the hot water heater only when electricity is cheap. Charging your electric car battery only when cheap. Etc.