Release: Solar and Energy Storage Threatens Utility Business Models, Enables Energy Democracy
What happens to an electric utility when its big bets on new power plants are undercut by customers producing their own power from solar and storing it in cost-effective batteries?
Hundreds of utility power plants could become stranded assets if electric customers pursue these affordable alternatives to utility provided power, undercutting a century of the traditional “bigger is better” electric utility business model. The latest report from the Institute for Local Self-Reliance details how battery storage literally and figuratively reverses the grid’s power flow and puts customers in charge. It offers policymakers, utilities, and individuals a roadmap of rules to capture this opportunity for energy democracy and save everyone money.… Read More