You'll have enthusiasts that'll do homebrew systems to take advantage of the economy, then you'll have companies catering to their (tbh, hobby), then you'll have products that are actually useful, then you'll see mass adoption. Like in everything else.
Trying to plan a huge strategy from the onset feels (and is!) daunting. Just make sure the price fits the reality, and savings will follow naturally.
Tell me your wonderland where this has happened . . .
There are whole countries with wireless meters. There must be papers showing how much effect it has on consumer consumption? Ignore one-off examples, I'm interested in population level effects and statistics.
> With Rate Flex D, you can save quite a bit of money, since most of the time in winter, you’ll be charged less than the base rate, except during occasional peak demand events, when you’ll be charged more than the base rate.
[1] https://www.hiloenergie.com/en-ca/ [2] https://www.hydroquebec.com/residential/customer-space/rates...
Everyone imagines that consumers would change their behaviour if they were given price information. In my experience, I've yet to see any good data showing that on average consumers save electricity due to smart meters.
In New Zealand, I think the power companies design their consumer products to be unhelpful (what's the equivalent term here for dark patterns in marketing?). I believe few consumers watch their instant usage or review their hourly usage. Personally I changed away from a plan that used spot prices (after seeing the debacle from snow in Texas, and realising the rewards were low and that judging/managing the risks was hard).
Plenty of grids had started paying consumers for excess solar generation exactly in this manner.
Likewise a heat pump can only boost so much.
This, like other environment related changes never happen by market forces. Not once. And small tweaks even on large scale produce small effects, insufficient for our needs.
So maybe -30 is difficult but it wouldn't be that hard to have the existing temperature range on new models be dynamic based on electricity pricing
For small sizes, yes it is.
But also, capex vs opex. Even if it's twice the cost, you only pay it once.
Whenever electricity prices go negative I have automations to force-charge my solar batteries from the grid, turn on hot water heaters in my hot water tank (normally heated by gas etc. ).
I just have Home Assistant turn on everything: dehumidifiers, heaters, lights, set the freezer thermostat to -25c.
So far I've earnt about 10p, but the real saving comes from having a little bit of thermal inertia to carry through to when prices are higher.
The market for power imbalance was already on 15 minute blocks.
I'm using a HomeWizard smart plug [0] to enable my electric boiler to only run during the cheapest hours of the day
You should absolutely re-run these numbers to be sure, but you might find you can use electric heating far more often than you might currently be doing.
There is an Octopus Integration that exposes current prices (and much else) to HomeAssistant.
There is another Integration that works with my solar panels and another that works with my batteries and can change mode (self use, force charge, force discharge etc.)
So from there it’s really just a question of setting up some if-then automations to turn on smart switches, charge the batteries if prices go negative.
You can also gradually add more nuanced automations like turning on water heaters if the panels are generating more than 1kW and the batteries are over 90% charged.
I’m not a programmer, it’s all fairly easy to do.
The issue is that most consumers don't like unpredictable prices. You can make a crude approximation by having 2-3 fixed rates for different times of day, but that leaves a lot of potential on the table
Plus large parts of Europe are currently transitioning to more granular 15-minute pricing: https://www.nordpoolgroup.com/en/trading/transition-to-15-mi...
You can still get fixed tariff electricity contracts but you'll end up paying a bit extra in return for greater predictability…
The key is to not take this away; make it so that those who want predictability can get it (but they end pay more for the privilege) but those who want to try to "game the system" can (and incidentally help with the overproduction problem).
Done well, things like Powerwalls, thermal mass storage, etc could absorb quite a bit of load during peak production times, reducing load at inopportune times.
And in the meantime it would be very unpopular for people who can't just afford to renew their otherwise fully functional appliances.
I agree on the popularity, but you'd absolutely see an effect even without anyone buying new appliances
The aim is net zero by 2050, lifespan of a fridge-freezer is about 10 years. Even assuming designing a system and putting it in place took 5 years, that's still enough time to have most appliances on it by 2040.
Given the current energy prices, it probably even makes sense to replace appliances sooner than their normal lifetime. My fridge-freezer is only 5 years old, but if it broke today and cost more than ~£150 to repair, I'd end up saving money by replacing it.
General population doesn't understand that fixed pricing includes an extra cost which is the risk that the electricity provider has to account for. That risk has a calculable price, which is passed down to the consumers. But because it's baked in the flat rate, nobody complains.
Smart/dynamic pricing actually benefits the consumer.
No it doesn't. The customer has low risk appetite and would rather pay a premium for predictability.
It's like how there's a substantial portion of the population that counts the best commute time ever as their commute time, and are perpetually late. "How can it take 30 minutes to get to work, one time it was only 15!" - ignoring the reality of traffic, subway delays, etc.
For example, see https://docs.nrel.gov/docs/fy23osti/82315.pdf
It does looks like it will make some sort of sense for compute workloads to move around to be at locations near surplus energy generation. As someone else mentioned bitcoin mining (with the benefit of heat generation) could also be used, but if this practice becomes widespread the attachment of bitcoin pricing to what is in effect negative local energy prices may prove to be a structural problem with it.
The issue is lots of renewable generation far from places where it is used and not enough transmission capability.
This is called curtailment and is really, really bad. Energy providers need to pay the windfarms for the energy that they (the grid operators) fail to transmit to where it is needed, and they have to pay backup generation (usually gas) at the place with the load.
You have an intermittent power source (wind), far removed from where the energy is needed, and you do not have sufficient electric transmission capacity.
Heat pumps or EVs far removed from the source of generation will not do you any good. You need load where the energy is produced or you need more transmission capacity.
The situation GB has is that there is load, and there is enough renewable generation on the grid to meet that load, however they do not have the capability to bring the electricty to where the load is. You can lessen the demand, but the generation would not get less through that. The only benefit of that would be that you wouldn't have to spin up gas plants, but the same amount of wind energy would still be lost.
E.g peak solar is around 2pm, peak demand is around 7pm
Grid storage (including EVs and smart heat pumps) absolutely help with this second problem
Take Google, which should have plenty of money and systems to provide long-term support, is regularly axing older products. (Of course, Google has a history of such actions, but they don't have to EOL products that should have long life-spans. Plenty of company won't really have a choice if they are facing bankruptcy, etc.)
Before buying a device, it is a good idea to check if there are open source adapters for it for Home Assistant, those usually show if it can be controlled easily and preferably without cloud.
See eg https://www.euronews.com/business/2025/02/20/fixed-vs-variab...
We've saved 100s of euros annually on our electric bill by limiting sauna, washing machine + dishwasher to low-cost hours. Sometimes it's impossible and it's days at a higher rate - but for a 2 person household it's costing us 15-20e a month (+ additional transmission costs)
> This includes switching between 'peak' and 'off-peak' meter registers as well as controlling the supply to dedicated off-peak loads such as night storage heating
1980's technology, recently switched off, I presume for internet based alternatives. The exact same principle applies, beats batteries as hot water tanks and storage heaters already exist.
Other options could be delayed start for large appliances like washing machines and charging electric vehicles. EVs have even been proposed as a distributed battery system to smooth out electricity use.
A lot of thermostats support it
The problem here is
1) the excess power is not near the demand
2) the cost of electricity near the excess power is no lower than where there's no excess
3) nimbys prevent the extra interconnects being built which equalise power availability and power demand
The power company can integrate with car chargers and battery controllers to control all of this automatically, though we don’t bother - just check the app for the cheapest/greenest times and schedule the car to charge then.
It’s allowed us to switch to an EV without even really noticing any extra power cost for charging it.
The electric water heaters are a good idea, but you'd need the space for extra storage. There's existing heat exchanger systems with e.g. rooftop / sunlight water heating systems, if excess cheap energy could be used to also heat that storage you'd have something.
I'm always highly amused when people have heated pools next to large outdoor ac units. They could probably dump all the heat from house into it the entire summer and not have a meaningful effect on the temperature
The downside was that once the hot water was gone, we had to wait until the next day for more. The last person to shower occasionally got a cold shower.
On-demand systems win here.
The one I'm getting now has two coils, one to quickly heat water at the top half, the second to heat from the bottom - they're never on at the same time. Internal heat around 75 C, mixed to cooler on the way out, and it can keep hot water for 2 weeks if disconnected from power.
WTF showering for one hour? That's a great way to quickly become persona non grata in my house.
* Let heat-pumps heat homes to say 23C instead of 20C
* Let freezers decrease the temperature to say -30C instead of -18C
* Let electric water heaters heat water to say 70C instead of 50C, such water can then be mixed with more cold water
Such overuse would then reduce energy consumption when the production peak is over (heat pumps could stop working for some time until the temperature decreases from 23 to 20, etc.)