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Re: [Pen-l] smart grid question



Max, I think you've nailed it. The permanent temperature hypothesis. Sometimes you are too hot, sometimes freezing cold, but on average, just right. So don't even bother heating or cooling your abode, just live with it and save the climate.

Gene

On Jun 8, 2009, at 10:09 AM, Max Sawicky wrote:

The next-generation thermostats will solver your inter-temporal
optimization problem, switching your heat and A/C on and off in
response to price changes, in coordination with your tolerance for
uncomfortably high or low temperatures, constrained by health, your
lifetime income, and liquidity constraints.  Econ grad students are
solving this problem as we speak.
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