Quote:
Originally Posted by Bring_Back_Shantz
Alberta/AESO does do this. The electricity price is actually updated every minute (pretty sure it's every minute) and then averaged over the hour. So there can be/is quite a difference in power price hour over hour.
For example today alone the price has been between $8/MWh to $40/MWh.
Oh man just for kicks I took a look, and yesterday the price went from $0-$639.
Also, quick edit. Yeah, you can sign up for a fixed rate, and pay the same no matter the demand, but that is through your retailer (ATCO, Enmax, etc). But the pool price, what you would get on a floating rate plan, does vary hour over hour.
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Since we don't have smart meters you'll pay the average pool price for the month times the total electricity used over the month. No incentive to move your usage around whether you're variable or fixed.