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Ready for real time.(Knight Ridder Newspapers)
The following editorial ran in the San Jose Mercury News on Aug. 1, 2001.
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Real-time pricing of electricity is based on a simple premise. Since it costs more to obtain electricity on a hot afternoon, it ought to cost more to use it then.
Instead, most customers are billed for total monthly usage based on a monthly average price, irrespective of when they used the power.
Real-time pricing is one of the most effective changes California could make in the way electricity is paid for. It would save power and money.
The California Energy Commission is seeking approval of a real-time plan from the Public Utilities Commission on ...
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