Earlier quoted context omitted.
The real fix here is to have more residential customers either knowing the minute by minute pricing, or paying extra for the privilege of an "unlimited plan" or something. That could be achieved for example by instead of setting your space heater to "low heat", "Mid heat" or "high heat", you could just hit the "$1/hour of heat", "$2/hour of heat", or "$3/hour of heat" settings. The heater itself can look at the minut…
The real fix here is to have more residential customers either knowing the minute by minute pricing This is insane. Do you really believe that individuals are going to be monitoring the energy prices like a rabid day-trader, making 'rational' decisions between "oh good, power is cheap now" and "power is expensive, I guess I'll just freeze"?
No doubt, today, while some people heeded the advice to turn their thermostats down to 68 to avoid a grid crash, another group of people jacked up theirs up.
Now that rolling blackouts have started, I'm sure some of those 68s are going to get changed to 80.
If consumers were paying the $1-$2/kwh+, I'm sure a lot more will be set 68.