Earlier quoted context omitted.
There are better approaches. For example a supplier could sell you 5 kWh per day at a fixed price, and anything extra you use is at instant market price, with some kind of pay-as-you-use system. Then if the prices go sky high, users who chose that plan at least get to use 5kWh each day. 5kWh is plenty to not freeze and to keep your phone charged and fridge going. If you want more, you can pay more. The UK already has…
> For example a supplier could sell you 5 kWh per day at a fixed price, and anything extra you use is at instant market price, with some kind of pay-as-you-use system. I suspect 5 kWh/day is way to little to keep the house warm and still be able to cook food. The exact number doesn't really matter here. What's more problematic is how the 5 kWh of guaranteed/insured/subsidized power would be allocated. If it's your fi…
Then you can hear the beep and either decide to turn off a few things, top up your balance, hit the 'emergency 1 kWh' button, or just sit in the dark for 15 minutes.