How your electric car can save the grid
A recent summit of Silicon Valley Leadership Group Alternative Energy Solutions (or SVLGAES for short) and the Pacific Gas and Electric Company showcased a prototype solution called the Vehicle-to-grid (V2G). The V2G would allow an electric car to plug in to the electrical service grid and provide energy back to the grid during peak times of the day.
So essentially your electric car (if you had one) could server as a power storage station, increase the reliability of the electric grid, reduce the need for foreign oil, fight evil, and cook a nice French toast breakfast on Sunday morning. OK I lied about the last two.
If this new technology gets passed the demonstration stage one could, in theory, use their car to grab power at night (when it’s cheaper) and sell it back during the day (when demand is high). I’m sure the electric companies have already figured out ways to reduce the “buy back” rate of their power which would then blow my theory out of the water. But still it’s another reason to buy and electric car.