In my recent report on the utility business model of the future, I laid out 5 pillars of a democratic energy system. It’s hard not to notice the contrast between this vision of the future and the 15-year business plan laid out by Xcel Energy in Minnesota, the incumbent monopoly serving about half the state’s electric … Read More
The U.S. electricity system is undergoing the biggest change in its 130-year history, undermining the rationale for monopoly ownership and control. Until recently, electricity service was similar to water or roads, where a natural monopoly was most efficient. Only a single, standardized electric grid was needed to connect each building. Technology options were limited to steam-powered … Read More
2014 marked the year that solar energy, energy storage and electric vehicles – hallmarks of a decentralized electricity grid – got big enough to threaten the electric utilities, exposing their 100-year-old business model as out-of-date. In nearly 20 states, utilities are fighting back, proposing new fees and rules to minimize the competition from customer generated power. … Read More
Exciting changes are on the horizon for our century-old utility structure as solar power, energy storage, and electric vehicles open new avenues for utility customers to produce their own power and control their energy use. Utilities are scrambling to remain relevant in this technological firestorm, and energy wonks are envisioning a new business model – Utility … Read More
