“Over the past several decades, technology has opened up new ways of meeting consumers’ electricity demand. The 20th-century utility model doesn’t encourage this innovation. Instead, it defaults toward simply building more fossil-fuel-burning plants. As a result, consumers get a less reliable product at higher prices, and decarbonization takes a back seat”.
Innovation in the utility business model is imperative for the energy transition as the current model is outdated and stalls decarbonization efforts. If nothing is done, it can become the Achilles’ heal.
"I can say from experience that starting a cocktail-party conversation about public-utility-commission elections is a good way to find yourself standing alone. But if you care about averting the most apocalyptic consequences of climate change, you need to care about utilities."
Fantastic article by Brian Deese about the need for reform. More specifically, we need to create utility business models that make the energy transition a no-brainer for incumbents
https://lnkd.in/egW5tkbd
The Next Front in the War Against Climate Change
theatlantic.com