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> I wonder if the economics are distorted here. It looks like there is 0 demand during the day, but people are obviously using electricity during the day. Shoul
by trog 3y ago
> I wonder if the economics are distorted here. It looks like there is 0 demand during the day, but people are obviously using electricity during the day. Should we not make electricity actually free at the hours when there is too much of it, to encourage its use?
In my state (Queensland, Australia) demand is actually negative during peak production hours on many days.
The wholesale price actually goes negative during these times - that is, if you are a wholesale consumer, you can get paid for using energy.
Individual households can opt to go on to wholesale plans - my uncle does it (in Sydney, much further south) as he has way too much solar and battery capacity for his household to use. Been a whole since I spoke to him but I know he had a couple days where he made $20. (He is a retired nerd and spends a lot of time optimising usage patterns to maximise money.)
This kind of thing will become way more common, especially as automation gets better and storage becomes more prevalent.