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by beat
2475 days ago
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Not forcing... just having market forces encourage good behavior, instead of hiding the underlying cost pressures from them. Look at it this way. With enough variation over the day, you create a market for storage. Let's say stored electricity costs twice as much as direct, but the price of direct varies by 3x over the course of the day. You've now created an arbitrage market for buying cheap electricity during the day, and selling it at night. Of course, the more storage gets built, the more the load (and thus cost) increases during the high-availability times, and the lower the selling price during demand spikes. And thus the market attains equilibrium. The law of supply and demand is a marvelous thing sometimes. |
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