Earlier quoted context omitted.
The original idea behind this is sound. Because production and consumption must net to ~0, from the grid's perspective cutting load is just as valuable as providing generative capacity. Imagine you own a factory that typically runs 24/7 and is part of the system's base load. There is a material cost for you to shut down production. These structures were set up to make it economically viable to have these types of ins…
You achieve similar results by simply charging such customers current market rates. Nobody is going to be mining Bitcoin while paying 2.50$/kWh. That’s the objection, it’s simply a waste of money.
Establishing a separate mechanism to compensate "virtual" generation (via load reduction) works no matter what pricing structure I use for my typical energy purchases.