Packetizing the Power Grid: The rules of the Internet can also Balance Electricity Supply and Demand

Abstract

Bad things happen when demand outstrips supply. We learned that lesson too well at the start of the pandemic, when demand for toilet paper, disinfecting wipes, masks, and ventilators outstripped the available supply. Today, chip shortages continue to disrupt the consumer electronics, automobile, and other sectors. Clearly, balancing the supply and demand of goods is critical for a stable, normal, functional society.