Utility Death Spiral

British Government Signs A Deal For New Nuclear Power Plant

Electric power utilities are facing growing financial pressures as traditional power usage evolves through a combination of increased use of renewable power, system efficiencies, and anemic demand. Since 2004, average residential electric prices have risen 39% to 12.5 cents per kilowatt hour, while sales remain lower than they were in 2007 before the recession. If… Keep reading →

Hot Weather Puts California Power Grid On Alert

The electricity sector and its incumbent electricity companies are undergoing an unprecedented, challenging but nevertheless critical transformation – a transition towards a more climate-resilient, less carbon-intensive power system which ends up “closer to the customer”. The widespread penetration of renewable energy sources into the electricity supply mix along with a constant push for more innovative… Keep reading →

Detroit Hosts Annual North American International Auto Show

Tesla and SolarCity’s Elon Musk told utility executives at the Detroit auto show that utilities and solar power can get along just fine. “Rive’s cousin and SolarCity investor Elon Musk sought to assuage such fears further at the Detroit auto show. Speaking about utilities’ role in the future of the energy mix, he said: ‘Long-term,… Keep reading →

Merkel Inaugurates Energy-Efficient House

Former founding CEO of SunEdison, Jigar Shah, started a new company based on what’s being called the “infrastructure as a service” model. The idea is an extension of the financing strategy that dominates the rooftop solar PV business today. “Here’s how it works: Generate Capital will put up funds — between $2 million to $20… Keep reading →

Conditions Ripe Along Southern Andreas Fault For Major Quake, Study Finds

Using Germany as an example, this article investigates the changing utility business model in the face of rapidly expanding renewable energy sources and other trends that are eating into utility company bottom lines. “A reckoning is at hand, and nowhere is that clearer than in Germany. Even as the country sets records nearly every month… Keep reading →

Deadline Approaches For Grangemouth Dispute

This week is shaping up to be rough for the US coal industry. The EPA is holding hearings on plans to dramatically cut carbon-dioxide emissions released from US power plants and the Obama administration just published a report on the economic consequences of waiting to act on climate change. It’s enough to make one wonder… Keep reading →