Earlier quoted context omitted.
Every house has many energy-hungry devices that can time shift their use. 1. electric car battery recharging 2. hot water heater - heat it to the max of the range when electricity is cheap 3. A/C - cool it to the coldest end of the range when electricity is cheap and so on. 1,2,3 are just the start of what can be done, cheaply, to shape demand to the price. > devestating People adjust their use of gasoline based on t…
> People adjust their use of gasoline based on the constantly shifting prices. This is how demand is shaped to match supply. Yeah, but unlike electricity gas can be stored efficiently and long term - your typical 5-series BMW has ~60l of tank volume, a Ford F150 has ~90-100l, not to mention jerry cans. That means when gas is expensive, a consumer usually can choose to simply fill up the tank at another date.
Electricity can be "stored" in hot water in the hot water tank, the thermal mass of the house, and in the battery in the electric car. This can greatly mitigate the demand for electricity at night, for example.