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The largest industry that is 'over ripe' is the energy industry. In particular, electricity distribution. Creating devices that perform 'demand management' are
by CFS 18y ago
The largest industry that is 'over ripe' is the energy industry. In particular, electricity distribution. Creating devices that perform 'demand management' are nearly trivial.
In Australia, the normal price for large scale wholesale electricity from the national grid is Aust $48 per Mw/hr. But several times a year the 'spot price' is over Aust $10,000 per Mw/hr.
This is the reason companies have 'peaking' plants that only operate 3-5 days a year.
There will be 2 main stratergies:
1. Owner / user generated power would be transferred back to the grid during high price periods.
2. Load shedding (automatic turn-off of power) would occur during high price period.
The primary requirement is a 'smarter grid'
- anamax 18y ago> The primary requirement is a 'smarter grid' The grid doesn't have to be all that smart. It just needs to tell folks when the peakers are being turned on and off. And, folks need to be compensated for reacting to said on/off.