Sunday, November 1, 2009

Future May Involve Getting Paid to Charge Your Plug-in Vehicle : Gas 2.0

Future May Involve Getting Paid to Charge Your Plug-in Vehicle : Gas 2.0: "They say that nothing is free, but I may have come across the exception. In West Texas and Illinois, electric customers are being paid to use electricity. With the growth of wind energy in areas like Texas, Iowa and Minnesota, electric companies are occasionally producing more energy—especially during off-peak hours—than they can use. Why not store it you ask? Because there are not yet any good ways to store energy; a quest since electricity was created.

According to expert Terry Boston, who is the CEO of PJM, a company that manages the electricity grid in 13 mid-Atlantic states and Washington, the oversupply of electricity has forced prices into the negative range. The result: some customers are paid to use electricity."

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