So this magazine offers the idea of removing fixed pricing for electricity, but is electricity demand that elastic? Perhaps in some markets, so this might be a

So this magazine offers the idea of removing fixed pricing for electricity, but is electricity demand that elastic? Perhaps in some markets, so this might be a good option; but should not be made mandatory. A lot of electricity demand is formed by weather which makes it inelastic in the short-run - you will still pay your bill if you are cold regardless of today's price. In the longer run (next season), you'll just make people give up using electric heating - for natural gas, wood and coal, depending on the region. Consider another policy - a carbon tax, which is a very popular tool among economists or the similar fuel excise taxes. They will lower profits for plants that solve the intermittency issue with fossil fuels, creating an advantage for energy storage. To keep power flowing, the system relies on conventional power plants, such as coal, gas or nuclear, to kick in when renewables falter. this is also partially incorrect - nuclear power plants usually are used to generate a fixed amount of electricity, only France I think which is a primarily nuclear in energy generation does it. In fact hydro-electric plants are commonly used for power balancing, with natural gas power plants in second place.