Thing that interests me is I wonder if the prices will fluctuate during the day? For example in the evenings when alot of people are at home, using electric etc would it be more expensive than say the dead of night, or during the working day.. Going to be interesting to see what arbitrage opportunities there are.
I am curious also how will the use of electricity dictate the price of bittwatt in the market and as the price of electricity is more of a stagnant one will bittwatt see its price change frequently.
I don't expect price fluctuations in hourly basis. But it's possible that price will change on weekly basis. Energy prices will change based on demand and supply and we need to identify how and when it change
The price is always bound to demand and supply in my opinion. Actually during the day I think the cost would be higher because of business consuming a lot of energy to run it processes. Home consumption is not as heavy as businesses'. This is all going to be exciting to see in action.
Yeah you are actually right... Lots of power is consumed during the day time both from businesses, schools, construction companies and home use but at night less energy is used as almost everyone is resting.
This is true, and already visible on old style power exchanges and even on your own power bill in most countries you'll see that their are onpeak and offpeak hours for power, thats why theirs a big push towards people having their own battery systems for their houses so they can store at night and power from battery during peak hours.
I'd imagine we will see similar type of price fluctuations but more natural and based on real supply and demand in a system like bittwatt
From the idea with the battery, which is to save the energy at night, I have not heard anything yet. But actually it is a very good idea. Nobody in my country thought of that yet. That is probably also because the available batteries are not yet powerful enough.
Until then, you can let Bittwatt store the surplus electricity. that is also a very good idea :-)
