rghusted said:
I think power companies do reduce supply according to demand where it is economical to do so, but their pricing structure seems to indicate that there continues to be a surplus supply of electricity at night. Perhaps I'm mistaken?
Not quite a surplus but it is a problem for power companies.
Most types of power station operate most efficently at their design capacity and the time taken to ramp up or down differs.
Coal fired stations normally need to be big and run full out, it is very inefficent to reduce their output and almost impossible to turn them off (without a rebuild).
Nuclear can be turned on and off quickly but since the cost is all up-front in constructing them (the fuel is cheap) it makes sense to run them full power.
Generally companies use natural gas (methane) for quick response load balancing - but this is the most expensive.
Unless they are lucky enough to have hydro which is ideal for load balancing.
So if you are a power company you have to decide to run wasteful amounts of cheap 'baseline' load or run just enough but have to use more gas to handle peak load.
There are a few ways of storing large amounts of energy (pumped storage schemes) but these are expensive and limited in where you can build them. Renewable power that comes from sources you can't predict (wind) makes it worse.
A widely distributed network of power storage (eg. plugin electirc vehicles) would help the power company - especially if in return for a cheaper rate they could control the supply of power, and even suck power back from them if needed. So you are right, a wide adoption of PEV would reduce power wastage overall.
How much would depend on a whole bunch of technical and market factors