The former chief justice of the United States Supreme court, Earl Warren, once said "Ben Franklin invented electricity, but it was the man who invented the meter who made all the money"
.....and for over 100 years that is pretty much how the electric business operated. The companies with the meters made the money. The first major changes to this model started to appear 20 years ago with the beginnings of deregulation.
Today
massive backlogs of interconnects
Reductions in energy consumption from effectiveness
Aging infrastructure with differed maintenance
If every consumer was a producer, a mesh network of small reliable, self balancing grid designed to maximize the incentives to individual. The utility of the next 100 years is competing with a brand new set of market forces.
Low Fossil fuel prices may slow some development work due to less projects meeting required hurdle rate, but as technology costs come down and other
Comments