Customers Pay When Big Utilities Make Big Errors In Electricity Forecasts

Date: 25 Jul 2019 | posted in: Energy, Energy Self Reliant States | 0 Facebooktwitterredditmail

In an investigation of electric utility forecasts from seven of the largest ten U.S. electric utilities in the past decade, the Institute for Local Self-Reliance found that the average forecast overestimated demand by 17% over three years. Over longer time periods, the forecasts were even less accurate. The errors, all overestimating use, reinforce an environment in which utility companies––with no market competition––can win permission from public regulators to build unnecessary power plants. The costs can be passed to consumers while the rewards accrue to the utility’s shareholders.… Read More

Voices of 100%: Small Iowa Town Pushes for Energy Independence — Episode 79 of Local Energy Rules Podcast

Date: 20 Jun 2019 | posted in: Energy, Energy Self Reliant States, Podcast | 0 Facebooktwitterredditmail

More than 100 U.S. cities have now set ambitious commitments to transition to renewable energy, but how are they working to make these goals a reality? In this episode of our Voices of 100% series from Local Energy Rules, we feature the small town of Bloomfield, Iowa, its goal of reaching energy independence, and what investments it is making to reach that goal.… Read More