https://www.abc.net.au/news/2025-11-03/energy-retailers-offer-free-power-three-hours-dmo/105965472
Quote:Australian households will be able to access free electricity for three hours every day, in an effort to encourage energy use when excess solar power is being fed into the grid.
The federal government scheme will require retailers to offer free electricity to households for at least three hours in the middle of the day, when there is often more electricity generated than is being used, leading to very cheap or even negative wholesale prices.
The catch: you need a smart meter.
Part of the liberal party mythology behind their crazy power policies is that we need baseload power. This is partly the result of "dumb meters" - electricity meters that only measure power used, not when you use it, like your water meter. But the spot price of electricity varies greatly during the day. So electricity wholesalers are put in a challenging position where the price of electricity could skyrocket due to a shortage, but all their retail customers carry on using electricity, oblivious to the high cost, and only paying the fixed price.
Smart meters are the next step up from having a separate "off peak" power meter for your hot water system.
Once retail customers are switched over to smart meters, the Liberal party belief that we "need" baseload power will vanish. Not so much because the economics fundamentally changes (though that will obviously help), but because people will start to see electricity as a commodity like any other, whose price depends on both supply and demand (like petrol, only more variable). They will see the advantage both in having long periods of very cheap electricity because renewables are so cheap, and in avoiding the use of power hungry appliances (if they need to save the money) when there is a shortage.