You know, the standard method all markets use to handle volatility. But apparently electricity is different and we need enormous subsidies instead.
This effectively uses the existing behind-the-meter grid market to make an end-run around current perverse (non-local, non-instantaneous) end-customer pricing schemes.
More likely, the NSA / Homeland Security will assist large providers in system hardening and resilience.
Various government interventions followed but they were so bad you might assume that they were more interested in ensuring their mates in the gas industry made high profits than protecting the nation from the fallout.
But my point is that all that isn't necessary the important part. The voting population are not always rational participants in the market, nor are companies. There are Nash equilibriums and strategies with local maximums that results in irrational consumer behavior. When there are major social consequences from irrational behavior then people will look towards social, ie political solutions. That generally means regulation, subsidies and if all else fails, government control. The only way to avoid that is to either eliminate the social consequences, or eliminate irrational behavior.