Comment Re:Octopus (Score 1) 84
Not exactly. Electricity must be consumed at the same time it's generated, and the stability of the grid hinges on supply and demand being balanced. Load shifting requires storage, which there isn't enough of, so using electricity now usually does not help much to avoid using electricity later unless you have some form of storage (e.g batteries, thermal storage tanks)
That's happening is you have inflexible electricity sources - your so-called "base load generators" - that cannot be throttled down, and renewable power that is very "use it or lose it" since they cannot be dispatched on demand, resulting in a surplus of generation. Wholesale electricity prices go down because supply exceeds demand, and continues into negative wholesale prices because you cannot tolerate a surplus of generation without destabilizing the grid.
So yes it's about "using power when it's there" but it has nothing to do with "not using it when an expensive plant would have to be turned on." It has to do with the fact that you can't turn some plants off and they need to encourage extra usage during times of glut to avoid crashing the whole system. Operators have no problem with people using "expensive" electricity 'cause they're gonna pass those costs on to you anyway.
=Smidge=