this post was submitted on 06 Jul 2023
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The pessimist in me is expecting someone to come in here to tell us why this isn't as good as it seems, but this seems good. Them stating it will only get more common seems great!
It's really good. So called "dynamic contracts" with hourly pricing known only a day in advance are on the rise. Lots of people whithout access to solar can still benefit strongly this way by timing useage of things like washer/dryers etc. Lots of these devices are also becoming "smart" now to automatically pick a good pricing window.
i'd like to emphasize on this. Our energy grid was so far demand driven. The conventional power plants adjusted their output to the demand.
Continueing on this path with renewables is only possible using extraordinarily many storage systems, which are very very expensive.
If we eevelop systems that flexibilise the energy demand, based on when suplly is available, we can reduce the needed storage capacity. This is already done for systems such as warehouse cooling and generally industrial applications will be vital. Still there is large potential within households too. Refrigeration, water heating, laundry and dishwashers all can provide a valuable flexibilisation of energy demand.
With private households its more tricky though, as you need to avoid all appliances in every household to jump at the cheap energy, creating a demand peak exceeding the supply.
Not quite, if you had night and day price differences, those existed to encourage people consume on a time that was more convenient for the producers.