The $48bn opportunity for solar, storage and energy democracy

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Utilities are scrambling to remain relevant in this technological firestorm, and energy wonks are envisioning a new business model – Utility 2.0 – based around solar, storage and electric vehicles.

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ILSR

open-road-300x208Exciting 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 2.0 – that keeps utilities afloat as their customers “cut the cord.”

This report suggests we seize this transformational moment to push for energy democracy.

 

New and old policies can combine to move beyond a utility centered energy future, turning the technological transformation of electricity into an equitable economic engine.

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REPORT HIGHLIGHTS:

  • Rooftop solar, smartphones, and widespread energy storage threaten to make the utility business unprofitable. We explain how to fix the system to benefit everyone, not just utilities.
  • There’s widespread agreement that the 21st century electricity business will mean cleaner power, better efficiency, and more flexibility. We explain why that’s not enough, and how local control and access to everyone can democratize the benefits from the electricity system.
  • We identify the leading policies for transforming the utility system and how energy democracy is already being implemented. 

Photo credit: Trey Ratcliff

 

Source: ILSR. Reproduced with permission.

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1 Comment
  1. Chris Fraser 5 years ago

    In the States as it is in Australia…The need for energy retailers is not being diminished, it is only being amended. Already a pragmatic examination of network design and provision in remote areas is changing it to one of more self-reliance. Australia has remote area network specialists which are encouraging thin-wire provision of energy. The grid will not disappear as there are still short term occupiers of dwellings and commercial premises that will need energy at a moment’s notice, and won’t have solar or batteries. The grid will be necessary to promote a greater choice of energy source, and thus retailers will need to investigate PPAs with a greater range of suppliers. That’s probably the biggest change.

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