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

The New Plastics Economy: A Bold New Plan to Combat Plastic Pollution

The New Plastics Economy is an effort to reduce plastic pollution spearheaded by the Ellen MacArthur Foundation with support from the UN Environmental Programme. The ambitious project aims to curtail the amount of plastics being sent to the landfill by focusing on the three Rs: reuse, reduce, and recycle. … Read More

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