3 ms·
Well dynamic pricing only ever works until you have a power outage in the winter and suddenly you pay a years worth of money for the 1 hour you could use your f
by paule89 6mo ago
Well dynamic pricing only ever works until you have a power outage in the winter and suddenly you pay a years worth of money for the 1 hour you could use your fridge, during a snowstorm.
- HPsquared 6mo agoThat's what batteries are for.
- Ekaros 6mo agoThat is the trade off for renewables. Power is very expensive when needed and very cheap when not.
- leonidasrup 6mo agoElectric power is very expensive when demand is greater than supply, very cheap when supply is greater than demand.
- HPsquared 6mo agoOne property of electric power grids is that supply exactly equals demand.
- wrxd 6mo agoIt’s still capped at £1/kWh, which is a lot but also a price I’ve seen maybe for a few slots on a couple days in the last three years. The price was known ~1 day in advance so I had the choice to fill up the battery with cheaper (but still high) prices overnight and reduce the impact
- manarth 6mo agoConsumer pricing in the UK is regulated with a price cap (per kWh), so consumers can't be fleeced in an unexpected event. Business energy users aren't protected, so they buy long-term contracts, hedge, or go-under in the event of an unforeseen energy-shortage.