4 ms·
> Exactly, but the improved efficiency is more than the loss from leaving it on. The improved efficiency needs to be more than the drop in marginal cost which
by vlovich123 3y ago
> Exactly, but the improved efficiency is more than the loss from leaving it on.
The improved efficiency needs to be more than the drop in marginal cost which is what governs demand, nothing to do with how much more electricity you use today. And even then, that relationship isn't linear because a 30% reduction in cost can drive a 60% increase in demand because that reduction puts it in a new price bracket where a lot more people can afford it (since wealth is non-linear). This stuff is super non trivial and has all sorts of higher order effects.
- bluGill 3y agoSometimes others there is no change. HVAC systems won't change demand at all when upgraded to more efficiency .