16 Feb '15, 2pm

Public Utilities Should Embrace Renewable Energy Revolution, Not Get Run Over By It via @ecowatch

Public Utilities Should Embrace Renewable Energy Revolution, Not Get Run Over By It via @ecowatch

SLUMPING DEMAND: Historically electricity was mostly wasted (90 percent of the electrons in a light bulb turning to heat not light). Optimizing its value required information, which cost more than electrons. Now electrons are more expensive than information. The historic link between total economic production and electricity demand has shattered. Not only is electricity consumption rising slower than the economy grows, in the U.S. it is actually shrinking. So utilities whose profit model required adding new generation capacity and new wires to meet higher demand are suddenly running out of load growth to feed their stock value. DISECONOMIES OF SCALE AND AGE: For decades utilities built bigger and bigger generating plants further and further from customers requiring more and more transmission because bigger was cheaper—and then kept them running as long as possible. Now the...

Full article: http://ecowatch.com/2015/02/16/carl-pope-utilities-should...

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