3 ms·
Sure, But there's still decreasing utility to you for each additional kilowatt hour of power you consume. At some point, you are maintaining maximum comfort and
by dgacmu 2y ago
Sure, But there's still decreasing utility to you for each additional kilowatt hour of power you consume. At some point, you are maintaining maximum comfort and convenience in the house, have switched everything over to the cheapest energy source, your driving cost is entirely determined by the price of tires. I guess you could operate an aluminum smelter at home... :)
Using a cs metaphor, it's amdahl's law applied to one part of an overall cost and happiness equation. After a while, the other factors dominate and there's no point in using more energy.
- zbrozek 2y agoThat's certainly true, but the grandparent was suggesting that there was little demand elasticity. My personal micro-economic experience leads me to think otherwise.
- dgacmu 2y agoNah, definitely is in places that are using nat gas for heating in particular. But I'm sympathetic to the ggp because the trope of "people will just use more" is a little over-broadly applied as an excuse not to improve efficiency. Like, reducing the energy use of your dishwasher doesn't cause much of an uptick in total dish washing.
- Retric 2y agoYour still talking about a ~5x price change resulting in a ~2x change in usage, that’s seriously inelastic demand.