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Or buy a subsidized battery to store the free power and use it whenever you like.
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Yes, that's also being done. A critique I have seen is that this is empowering the rich to get richer. Renters are less likely to be able to adopt these strategies.
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The rich certainly benefit more, like anything where an investment needs to be made (I expect the new plans will be like the existing 'free' power plans and be a poor choice without a battery). In this case, the poor still benefit a little bit as it should drive down peak period prices and the cost of fixed rate plans.
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