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

New Report: Walmart’s Monopolization of Local Grocery Markets

Date: 26 Jun 2019 | posted in: Retail | 0 Facebooktwitterredditmail

In 43 metropolitan areas and 160 smaller markets, Walmart controls 50 percent or more of the local grocery market. No other corporation in history has ever amassed this degree of control over the U.S. food system. Our findings provide a stark illustration of the failings of contemporary antitrust policy.… Read More

Of New Power Generation, How Much is on the Roof? Quarterly Update — 2019 Q1

Date: 24 Jun 2019 | posted in: Energy, Energy Self Reliant States | 0 Facebooktwitterredditmail

Nearly 7 gigawatts of new power generation capacity came online in the first quarter of 2019 — 13 percent of which from small-scale solar installations — in the latest update from ILSR’s Energy Democracy Initiative. Renewable resources claimed a majority share of new power generation for the second quarter in a row.… Read More

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