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[return to "Europe faces an unusual problem: ultra-cheap energy"]
1. holri+0e[view] [source] 2024-06-20 15:25:09
>>_tk_+(OP)
There are flexible consumer energy tariffs based on the spot market + fee now. But although you even get negative prices, I was surprised that those tariffs are not economical for me. I have 2 heat pumps that are responsible for 75% of my energy consumption. I could optimize their working hours to low/negative hours by software and work with the thermal inertia of the house / water tank. At the moment it is not worth the effort, a monthly floating tariff is more or less the same. Especially because the net fees are not based on the spot market and are 50% of the energy bill. This is a political failure.
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2. afiori+nh[view] [source] 2024-06-20 15:43:05
>>holri+0e
To be fair if consumers where to en masse react to spot prices then the grid would open itself to gamestop-style failures.

The mistake the big investors made with GameStop was assuming that retail investors would not coordinate, so when meme stocks started the big investors found themselves in unexpected waters.

If a sizable chunk of heat pump where to use the same algorithm to react to spot prices then the grid would have to adjust how spot prices are calculated.

It can be done, but I suspect the grid will want to retain some level of control (eg by providing you with the algorithm)

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