I would have called it "Russian roulette". High reward, high chance of an unavoidable catastrophic loss.
The most obvious one would be to just disconnect your house from the grid whenever prices exceed some threshold that only actually happens once a decade.
Even if that means you go stay in a hotel, doing that once every ten years for thousands of dollars in savings over the same period could be totally worth it. And there are also even less inconvenient alternatives, like buying a generator for less than you save in electricity and using it during price spikes, which means you also get a "free" generator to use during ordinary power outages.
Meanwhile it helps the grid because people who are willing to do this voluntarily remove load during crunch time and prevent the need to do rolling blackouts that unexpectedly freeze people's pipes.
Generators automatically notice when the regular power goes off, but I don't know if they can automatically notice when prices rise above a certain threshold.
My apartment does not rely on electricity for heating; it's steam-based. Were it electricity-based, I won't switch.
But in the summer the price of electricity is like 50% of what plain Con Edison used to offer, and it's the time when power consumption peaks because of the running of air conditioning all day.
The reported generation mix is low-carbon, about half of it comes from nuclear plants, some from hydro and solar, about 1/3 from gas-fired stations, apparently zero from coal-firing stations.
So, for me it's a win-win so far.
