Real-time electricity pricing to balance green energy intermittency

The presence of consumers able to respond changes in wholesale electricity prices facilitates the penetration renewable intermittent sources energy such as wind or sun power. We investigate how adapting demand supply by making price-responsive - thanks smart meters and home automation appliances impacts mix. show that it almost always reduces carbon emissions. Furthermore, when are not too risk-averse, response is socially beneficial because loss from exposing volatile more than offset lower production environmental costs. However, gain decreasing proportion reactive increases. Therefore, depending on costs necessary hardware, may be non-optimal equip whole population.