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by zelon88
40 days ago
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The article didn't do a good job of explaining why the agreement between Home Depot and America Efficient is dubious. The business model does seem very suspicious, but also so does the whole market they are engaged in. Why is my utility company wasting money on auctioned efficiency data? Why don't the manufacturers share this with the utility companies for the common good of everyone? Why doesn't Home Depot make an offer to sell this data directly to the utility company? Why would anyone want to bid on this data? Why create that middle man? The whole thing sounds like late-stage capitalist hogwash. This all seems very inconsequential except to make a bunch of rich people richer. |
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If you lower the energy demand on the grid then you lower the price that the grid needs to pay by a lot.
Grids tend to take in bids from power companies of Volume + Price and then pick enough Volume (at the lowest Price first) until they get to the expected Volume and then payout to those winning bidders the Price of the last needed Volume. If you can decrease the Volume then the total price paid by the grid goes down.
If sharing some of that energy savings with another entity it's still a win-win because you're overall paying less.
It's like hiring a tax account where they get paid 50% of whatever taxes they save you. It's a win-win until they start committing tax fraud.