Earlier quoted context omitted.
This will only work with fine-grained energy pricing (on the scale of minutes) and smart meters. Does this exist anywhere in the world?
It works well if you can aggregate the distributed resources so they're large enough to bid at the wholesale level.
Still, the conclusion is like you said. There's basically no real-world scenario where it makes sense for a residential customer to go it alone, because they can make at most a couple hundred bucks a year. So makes sense for their device companies or someone else to figure it out with utility and pay thousands of homeowners to agree to participate. Ohmconnect has a cool service in California.