[Panzer04]

The magic of market pricing means people will figure out the best solution and optimise towards that.

Hot water heater tanks are easily one of the most obviously good applications of noon excess energy, and resistive heating elements might as well be free.

[stubish]

I agree about market pricing. The new pricing model however distorts this, turning electricity into a subscription service for people with a large enough battery. This distorted market can create bad incentives. But switching to actual market pricing won't work for most customers who don't want or can't afford surprises in their energy bills (it is already available for those that want it). Short term, it seems a good policy to shave or remove peaks. Long term, in a world where every household has a suitably sized battery, it means several times more generation capacity than necessary because consumers have no incentive to reduce consumption (beyond ethics and peer pressure). I don't think this pricing model is a permanent solution. And I have no idea how many years it will remain viable and a good policy, or what sort of hot water system I should buy given 10-20 year warranty periods.