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For households it depends on your contract with the energy companies. There are certain contracts which let you pay a fixed fee on top of market prices, but you’ll move with hour by hour fluctuations of the market prices. This might be interesting for those with smart homes who can schedule many of the more energy intensive appliances to run when prices are at expected daily lows. Or because you generally dont use much power in the expensive moments for your region.
These contracts however also remove most of the protection you enjoy from price spikes due to technical failures in the grid, or errors in weather prediction for renewables.
Interesting thanks for the added information. So a small number of people may actually be getting paid to turn all of their lights on and mine some bitcoin or whatever.
For households it depends on your contract with the energy companies. There are certain contracts which let you pay a fixed fee on top of market prices, but you’ll move with hour by hour fluctuations of the market prices. This might be interesting for those with smart homes who can schedule many of the more energy intensive appliances to run when prices are at expected daily lows. Or because you generally dont use much power in the expensive moments for your region.
These contracts however also remove most of the protection you enjoy from price spikes due to technical failures in the grid, or errors in weather prediction for renewables.
Interesting thanks for the added information. So a small number of people may actually be getting paid to turn all of their lights on and mine some bitcoin or whatever.