Posted Saturday 13th June 2009 22:10 GMT
Price efficiency isn't just about cheap night-time electricity
It's also about very, very expensive daytime electricity. especially in places like California. That's why the utilities are paying subsidies - these "negawatts" are cheaper than building new powerplants to produce megawatts at times of peak demand.
"Cheap" off-peak electricity is only a few cents cheaper than "ordinary" electricity, but expensive peak electricity is dollars more expensive.