Re: SMETS2?
"With a surge pricing model, the price could be reduced to provide an incentive to use more."
Or, with an EV, you could set your car to charge when prices drop below a certain point and not charge when they are above a certain point (unless the state of charge is below a certain level or you manually override the restriction). For people that work a 9-5 and have charge points at their workplace, one could pay the most paltry amount of money for "fuel" by buying only when rates are super cheap.
Homes could be fitted with controls that receive price information in real time and certain things can be switched on/off depending on costs. Normally you would want to turn down the heat in the middle of winter to save money while you are not at home, but maybe it makes sense to turn it up a bit when power is very cheap. The same would apply to summertime usage for AC. There is a system in the US where rebates are given if you fit a power company relay to your AC unit so they can selectively turn off AC units to shed load. The promise is they will only turn it off for 15-30 minutes in each hour when they need to. I could see the same thing being applied to clothes dryers and other high usage items.
Biting the hand that feeds IT
