Boris Johnson and Rishi Sunak on visit to Octopus Energy

The video discusses the traditional electricity system, which relies on gas and coal to meet static demand. It highlights a paradigm shift towards adjusting demand to match renewable energy generation, such as wind power. The video explains how smart price signals can help manage demand by encouraging consumers to use electricity when it is cheaper, thus creating a more efficient and cost-effective system.

What example is given regarding wind energy and its impact on demand management?

Describe how smart devices can respond to price signals in the electricity system.