20 Mar '17, 9am

Are falling utility revenues reason enough to slow down renewables?

A recent article in the Economist portrayed a rather gloomy outlook for renewable energy. This was not because of shifting political winds, as some might expect, or the oft-repeated fact that the sun does not shine at night. Instead, the authors pointed to two discrete facts. First, building out the infrastructure required to reach critical mass for renewables will be enormously expensive. Second, the economics around the receipt and delivery of electricity are changing dramatically, largely due to the impact of renewables. While the two facts themselves are indisputable, the conclusions drawn from them are less so. The story point outs how utility revenues are falling. Renewables cost much less to operate, which brings prices down. Plus, when people put solar panels on their roofs, they no longer need to buy power from utilities, at least not during the peak sunshine hour...

Full article: https://www.greenbiz.com/article/are-falling-utility-reve...

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