The Economics of Demand Flexibility

Rocky Mountain Institute (free download with registration)
http://www.rmi.org/electricity_demand_flexibility

[Washington Post] …the Rocky Mountain Institute… released a new report [on] “demand flexibility” or the potentially catchier “flexiwatts.” Both terms refer to the growing ability, through the use of a variety of timers and controls, for homeowners to determine precisely when during the day (or night) their home’s energy hogs…draw their power.

Why does the timing matter? Because it allows you to take advantage of increasingly prevalent time-based electricity pricing schemes, in which your power company charges you more for using electricity at peak hours and less at times when there’s less demand, like the middle of the night. The Chicago-based utility ComEd, for instance, offers a program in which prices change hourly, based on demand, and customers receive alerts about what they’ll be…

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