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There’s a common belief that even as solar power takes off, utility companies will retain their hold on energy markets as the need for standard electrical grids remain. But a report from the Edison Electrical Institute (EEI), a trade group of US utilities, doesn’t have a particularly optimistic outlook for their own long-established business model. They predict solar-based off-grid power usage to take off, which could cause rates for conventional utilities to skyrocket. Ostensibly, they fear the demise of their industry.
Read the rest of US Utilities Fear Obsolescence as Off-Grid Solar Power Rises
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Post tags: "clean energy", coal power, david crane, duke energy, edison electrical institute, eei, energy cost, fossil fuels, future of fossil fuels, green energy, nrg energy, nuclear power, Solar Power, us utilities