After Tesla was able to supply a battery pack to the city in Australia after a Twitter bet, I'm really surprised that more storage has not been installed everywhere. Maybe I stopped paying attention to the story too soon, but did this battery buffer not fix the problem?
https://www.cnbc.com/2021/12/08/australia-switches-on-victor...
The way net metering worked in the past is that people with solar could offload their access generation to power companies and make storage or resale the utility's responsibility. Then 2.0 was a sorta-time of use implementation, and now we're up to Net Metering 3.0 and I haven't bothered to look into how that works. However people I know who have looked into Tesla powerwalls haven't found them to be economical for individual homeowners.
[1]: https://www.caiso.com/TodaysOutlook/Pages/supply.html
[2]: http://www.caiso.com/Documents/DailyEnergyStorageReportJun22...
Isn't that trivial to at least mitigate via time-of-use rates?
Another thing we saw with some utilities is that they had to raise rates during the drought to cover their costs. People were so good at reducing their water consumption that the utilities were having trouble covering their large fixed costs. It'll be interesting to see how things go once California implements the income-based fixed electric billing in the next few years.