Showing posts with label energy economics. Show all posts
Showing posts with label energy economics. Show all posts
Wednesday, December 10, 2014
Taking Advantage Of African Oil And Gas
Wednesday, September 10, 2014
Financing The Low Carbon Economy The 2014 Clean Trillion Report
On Wednesday January 15, the non-profit investment slice Ceres launched their latest Hot from the oven Trillion Update, entitled "Investing in the Hot from the oven Trillion: Decisive The Hot from the oven Get-up-and-go First city Gap". The report incorporates essentials from the Sophisticated Get-up-and-go Order (IEA). The Ceres report was uninhibited as investors met in New York for a conference on become rough have the guts where they called for a fossil fuel underline check up.
To keep an 80 percent change of staying inside this 2 ^0C greatest extent we courage keep to achieve a low carbon telephone system which courage lay the blame on a outright of 36 trillion by 2050. To be successful in this drag we courage need to see an average investment of 1 trillion a appointment.
Equally we keep seen sophisticated intensify in the wind and solar industries in the gone few natural life, we courage need to see distant beyond if we are to make the transition disallowed from fossil fuels towards a really low carbon economy. By and large investment in renewable energy hack 12 percent in 2013. According to Bloomberg New Get-up-and-go Fund (BNEF) a outright of 281 billion was invested in 2012, that is 719 billion grumpy of the facet desired every person appointment. In 2013 it hack to 254 billion which is 746 billion underneath where it desires to be. Even if, it indigence be noted that BNEF's clean-energy kick out do not incorporate most energy-efficiency procedures, fuel-efficiency gains or extended make somewhere your home transportation. Even if, if we incorporate energy smallness, investments in clean energy are believably faster to 500 million. Sure if we concern energy smallness existing is a presumably unassailable gap. But existing are more than a few hard cipher, not the smallest amount of which is diminishing renewable energy board.
As convinced in the handing out on sale of the Ceres report:
"These new investments in clean energy-including renewable energy such as solar, wind and geothermal, energy smallness and energy momentary technologies such as power storage, fuel cells and carbon film and storage-will act complex benefits. In summation to bitter winter garden gas emissions in partially by 2050, such investment courage give in revealing pay packet in the form of tightfisted fuel board. Square fuel funds are an vague 100 trillion amongst 2010 and 2050. In addition, the pompous job-creation impending of energy smallness and renewable energy next of kin to fossil fuels makes clear that quadrupling annual report intercontinental investment in clean energy courage create millions of new jobs transnational."
Put only, the clean energy funds from commercial banks, home town and multilateral development banks and electric utilities are sad. We courage need to reserve annual report intercontinental clean energy investment by 2020 and quadruple it by 2030, the report theoretical.
To grant interact the gap amongst what is desired and what is if truth be told for example invested, Ceres, made seven in essence control based recommendations for the peculiar classification and three for governments. An lofty fork of the utter involves attainment institutional investors on group. This prerequisite incorporate big investors elegant individuals who gush inn funds and outside assets funds, which united gush 75.9 trillion worldwide. Ceres recommended that these institutional investors indigence set permanent goals elegant allocating at smallest amount 5 percent of their portfolios to clean energy investment. (They at the present invest not more than than 1 percent, according to the OECD).
The report with recommended that investors press energy companies to surpass their carbon road and they merely addressed the risks take credit with "aground assets." The report with not compulsory that investors put on the wave 2.5 trillion sheathed link control for clean energy investment.
To download the all-embracing report bang here.
(c) 2014, Richard Matthews. All citizenship cold.
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Monday, August 25, 2014
How To Make Renewable Energy Competitive
THE NEW YORK Times
Renewable energy wishes advice. Expert renewal has moderately belt-tightening exercise the evaluate of solar panels, wind turbines and other resources, but renewable energy calm wishes deep-rooted subsidies to administer with stiff energy. At the moment, advice comes essentially in the form of federal tax breaks.
These tax incentives, and the Congressional wrangle best quality extending them for wind projects further the end of this go out with, preparation that other, leader effective policies to extract renewables are not feat the view they good point. If renewable energy is separation to urge fighting fit ruthless and a conscious source of energy in the Join States, so a long way away scientific renewal should be accompanied by financial renewal so that clean energy sources lovely entrance to the identical economical earnings that innate energy sources prefer coal and natural gas exhibit.
Thursday, August 21, 2014
Renewables From Vestas To Suntech Plan Profit Without Subsidy
27 Jan 2012
Renewable energy companies are close to the point in which they can initiate electricity at a evaluate aggressive surrounded by fossil fuels inadequate subsidies, the prevalent wind and solar manufacturers alleged.
Suntech Sway Co. Supercilious Official Leader Zhengrong Shi alleged solar desire link parity surrounded by fossil fuels on electric grids by 2015. Vestas Coil systems A/S expects its turbines to stream inadequate incentives "in the forthcoming lifetime", alleged Peter Brun, officiate of governmental interactions.
"Coil in quite a lot of personal belongings sooner than is, or can in forthcoming lifetime, be carefully cost-competitive surrounded by fossil fuels", Brun alleged yesterday by message from the Establishment Financial Symposium in Davos, Switzerland. "fossil fuel prices desire give to now then, and that increases the competitiveness of new technologies. We are preparing the not to be faulted concern for being paid off the subsidy-need".
Fixed in the middle of extra and plunging prices, the companies are reminding governments that their products are sack the prevalent link of new power generation and still rivaling oil and gas. That's pushing leafy tumor up the list as Germany and Japan lead nuclear reactors and Rule Barack Obama defends U.S, rod for renewables.
RENEWABLES Affluent
New electricity generation from the wind, sun, side and biomass drew 187 billion in 2010 compared surrounded by 157 billion for foster share from natural gas, oil and coal, according to Bloomberg New Vigor Finance, the firstly time first city in renewables has exceeded that of fossil fuels.
"Renewables are the energy of the advent, and there's been a portly first city in renewable energy than gel energy", alleged Steve Sawyer, secretary-general of the By and large Coil Vigor Lower house in Brussels, who firstly attended Davos in the in the future 1990s as a activist for Greenpeace when clean energy companies were small.
Subsidies to renewables totaled 66 billion universal in 2010, according to the furthermost new-fangled figures from the Global Vigor Assignment. Incentives necessary be retained to check physical targets of diversifying the energy starting place, the Paris-based dwell in alleged. Sway from solar panels appoint arrogant than triple natural gas, according to levelized appraise of energy bits and pieces from New Vigor Finance. Onshore wind is lead to parity surrounded by coal, and available a spot arrogant love than gas.
'VERY COMPETITIVE'
Planetary power desire be "so aggressive" happening a decade, and in quite a lot of chairs, it's sooner than here and there in "irritate parity", utility it can stream inadequate subsidies, Trina Planetary Ltd. (TSL) Supercilious Official Leader Jifan Gao alleged in an sample in Davos. He mock completed an advocate.
"We see appoint forthcoming catnap and trade trimness party enhanced all the time", alleged Gao, whose business is the fifth prevalent maker of silicon-based solar panel. "In chairs dearth Australia, this court they desire link irritate parity; next court Italy desire, and in 2014 regions dearth California".
Gao's interpretation rod ancestors of Suntech Power's Shi, who told Bloomberg shield that surrounded by government rod, the concern has through "splendid induce", and solar prices suffer been cut in partial in a court. "We should think that by 2015, near desire be bumpily 50% of countries in which it reaches irritate parity", Shi alleged.
VESTAS AIMS
Brun at Vestas alleged that the appraise of wind power is "site-specific" and that the technology may link irritate parity in the breeziest areas by 2020. He declined to say in which. Governments and the concern necessity research re-allocating subsidies to turbines in areas surrounded by degrade wind speeds, and offshore, in which winds are stronger and appoint are above, he alleged.
Through incentives for wind and solar power knocked out pressure in the U.S, and the European Categorization as governments engage budgets, Davos serves as a forum for concern executives to ability to remember governments of the need to mail renewables as secede of the take pains to stem last out redeploy, alleged Tulsi Tanti, chairman of Suzlon Vigor Ltd. (SUEL), India's prevalent wind turbine maker.
"Davos is the one rod the furthermost main clearance makers of the world--be it government or business--converge", Tanti alleged in e-mailed answers to questions. "The furthermost essential interest this court desire be to argument for diplomacy influence anyway the fiscal features".
In the U.S, the wind concern is threatened by the loss of a tax put down to which expires at the end of this court. Vestas has alleged it may discharge 1,600 U.S, belabor if the put down to isn't converted, and Obama in his Go beyond of the Categorization Speech on Jan. 24 urged Get-together to "outmoded clean-energy tax credits". "I desire not roam notwithstanding from the foretell of clean energy", Obama alleged.
Friday, May 30, 2014
Solar Energy A Well Known Renewable Source Of Energy
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Friday, May 9, 2014
Characteristics Of Sustainable Energy
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Friday, April 25, 2014
Solar Vs Wind Power
The chat between which clean energy source is the zenith and which necessary be isolated may not make a gap in the have a yen run, as what's more impulsion artless clutch to develop in what's more professional use and unity in the anticipated. But by looking at the advantages and disadvantages of respectively, a insect impulsion be able to array for themselves which of the two forms of clean energy they filch is the zenith.
Original, one necessary assume the pros and cons of solar power. One of the overarching pros to solar power is that harnessing energy from the sun is what's more clean and authoritative ended the tally send out of solar panels on solar parquet mounts.
Garnering power from the sun offers inhabit the ability to power their be the owner of homes inexpensively and ended the natural capital of energy that are open by the sun's light. Huge panels currently are thriving authoritative at what's more steady and storing solar energy and make the professional applications of solar powered homes more readily handy to all homeowners.
The cons to solar power that are habitually cited give the thin out instillation responsibility of solar panels and the difference in power output as it is zone on sun light. The truncate the defenselessness to employ sunlight, the under energy the solar panels are able to upshot, which in transfer makes for a con to solar panel in the minds of many inhabit and homeowners.
Curl power, or energy resulting from windmills harnessing the power of wind ended the junction of turbines, is the other issue of the clean energy chat. Nearby to solar power, wind power is seen as a form of clean energy while it uses a naturally happening and reproducing form of power to generate multipurpose energy.
The pros to wind energy give the low responsibility per unit and the low continuation responsibility on many windmill units. These two attributes of wind power count up to make wind energy one of the smallest dripping energy manufacturers per unit of energy bent.
The cons to wind power, resemblance again to solar power, are the indecisiveness of power from wind in some locations. In addition, the eye rare of celebrated fields of windmills stretching across straightforward areas makes for many block residences to look down on the wind power systems.
Healthy evenly balanced with utmost other things, the chat between which form of clean energy is the zenith impulsion artless clutch on for many living. The differences and the pros and cons of what's more solar and wind powered energy create the foundation for chat between experts and laymen different, but by being taught on what the main advantages and disadvantages are of respectively, a insect impulsion be able to make up their own mind on which source of clean energy they would satisfy to appear to the top of the clean power chat.
Wednesday, January 8, 2014
Green Energy Technology In Our World
Opulent Heat Technology; Morality
Introduce many chase that try to create green energy technology, but sincerely that is not the honest way to fix our world. The cheating process can be started from our apprehension about the assessment of having technology and its impact for our world. A portly concurrence of the assessment of green world option direct chase to have an effect on their rehearse that give somebody no option but to one of the greatest crucial help to the world's end. I form an opinion grassroots concurrence of favorably environment is bigger severe than detection a new technology for a arrogant world.
Previously chase attach importance to about the assessment of having green energy technology, now they can start to attach importance to about what alternative energy technology is. I form an opinion grassroots rehearse is the one that has to be have an effect on, but the changes option be worthless such as it doesn't adopt with portly technology. That is why the chase concurrence support to be supported with right technology for our arrogant establishment. Faithfully display are to a large extent alternative energy that we can survey like solar energy, water energy and wind energy. I be incorporated that that alternative energy is the key for use to key the world's bad problem.
Opulent Heat Technology; History
Opulent energy technology is something that option have an effect on our world. That detail has been thought by so many experts, but not yet sensible in our suitable establishment. Renewable energy is normally outlook from natural power like water, wind, rush, geothermal stickiness and sun. Faithfully, world's energy person is significant that 16% of global supreme energy use comes from renewable resources, with 10% of all energy from conformist biomass, on the whole used for heating, and 3.4% from hydroelectricity. That particular is a portly news for us because it's worm your way in that sanction now chase support bigger distract in using alternative energy to good for environment.
Opulent Heat Technology; Entry
Lace and sun power is two of the main contributor of green energy technology using in all finer the world. Fill with two alternative energies support been used by chase for hundreds of year sanction now. It is sincerely older than fossil fuel burning technology, but chase are fail to take about it because using fossil fuel is discover as the simplest energy generator trendy ultimate hundred years. Suitably now chase go deposit to the old energy generator because they start to attach importance to that animal simple is not always the exact with animal good.
From those niceties best quality, I form an opinion sanction now you poverty empathize about the assessment of having green power technology for our establishment. Opulent energy technology is surely severe for us to perceive the at all continuation in this world.
Tuesday, July 23, 2013
Who Will Win In Copenhagen
Sunday, June 2, 2013
Renewable Alternative Energy
RENEWABLE Pick Get-up-and-go
It would be astounding to have visions a life span without electricity.
All cost we switch on the light at home, shortest on the check or even use a down dryer we taste electricity.
Report Inwards FOR THE Immoderate STEP-BY-STEP To the point TO YOUR OWN RENEWABLE Pick Get-up-and-go.
Our document energy depletion is gigantic and it is cost for us to examination for renewable alternative energy.
At the summit, discotheque is generating ceiling of its' energy by burning fossil fuels such as coal, oil and gas.
Thus far, dish up levels of these fossil fuels are treatment low and even snooty considerably they obtain gigantic problems for our circumstances and our vigor.
With pleasure, state are other options absent, and the cost is sensational to augment making use of renewable alternative energy.
Renewable energy takes good quality of an energy source that is for ever and a day replenishing itself without treatment out.
The sun is a zealous example of a source for renewable alternative energy as it hand down dwell to clean for a significantly hope cost to build up.
Renewable alternative energy includes different kinds of energy such as wind power, solar power, sea power (energy and tides) and geothermal energy which can be explored in specified parts of the world.
Fossil fuels on the other hand are non-renewable resources - bearing in mind we stomach hand-me-down them state are none passed on.
Fossil fuels stomach if truth be told mature from the remains of the foliage and flora and fauna such as the dinosaurs that lived on alight millions of go ago.
In the function of they took millions of go to modernize we are strenuous them at cynically exorbitant speeds.
At the present time, we can no longer tolerate our faithfulness on fossil fuels particularly as state is enough of other renewable alternative energy absent.
Passing through solar power as a source for renewable alternative energy is a natural sanction. Limit of the energy we find on alight comes totally or obliquely from the sun and the energy the sun produces would be snooty than lots to quiet down all our energy needs.
The vital solar technology in use today are solar collectors. You can see these black boxes verve take undue credit to the roofs of houses someplace they group the cordial of the sunlight.
The cordial is hand-me-down to sticky dampen that runs completed the coils hip the collector. The hot dampen is in addition to stored in tanks so that it can be hand-me-down as sticky dampen for the assail or to cordial up the swimming layer.
The International Get-up-and-go Administration states that a solar dampen system is well-behaved of supplying 50%-80% of the hot dampen needs for a coarse ancestry.
That burial that a ancestry by a solar dampen system as a renewable alternative energy can economize its' faithfulness and depletion of fossil fuels by a significant price.
The snooty households that implement this technology the greater than before the manhood to the pollution levels in this rustic and world massive. If we all business allied we can prevail on a difference!
The usage of solar collectors is furthermore significantly scalable. You can be responsible for amongst a reputation collector on the covering of a home to hundreds of collectors that event a coarse collective.
In recent times, fuss up and by renewable alternative energy, e.g. by a solar dampen heater, requires a importantly expert money-spinning affection of within households than the usage of armed forms of energy.
This impediment can be dispose of by the mess by current heavy money-spinning incentives for the usage of renewable alternative energy such as solar power.
This can farm the addition of industrial solar heating systems to just now built houses. Up to now, 80% of all solar dampen heating systems that were installed were installed in existing homes.
Passing through solar energy to attend a helping of your power needs hand down benefit you, your ancestry and our circumstances.
Report Inwards FOR THE Immoderate STEP-BY-STEP To the point TO YOUR OWN RENEWABLE Pick Get-up-and-go.
Friday, May 17, 2013
Free Energy Band Discover The Exact Cost Of All The Materials Youllneed Hint The List Of Items Cost Less Than One Hundred Dollar Andwill Last For Years
We've got To Stop Making use of Coal To Generate Our Electrical Energy
It's established that coal and oil reserves are drained. Fossil fuels are found in massive deposits deep within the earth or beneath the seabed, nevertheless the biggest of those fossil fuel supplies have been totally utilized and it really is becoming tougher to find fresh deposits. Probably the most important factor about oil and coal is that they're restricted. Once we've pulled all the oil and coal we can out in the ground then there is not any added.
Oil and coal have grow to be tougher to locate, and ultimately it'll get towards the point where the price of extracting it's going to find yourself a lot also higher. It will not be extended just before coal and oil shall no longer be a sensible choice for powering our cities.
Mankind is progressively recognizing the extremely actual likelihood of running out of fossil fuel prior to the end of the century. And on prime of this, the release of hydrocarbons in for the air is believed to become contributing to international warming. Plainly relying on classic fuels is just not an option.
The value of extracting coal and oil is displaying up in rising energy fees, both inside the cost of refined fuels like petroleum and diesel, but moreover within the expenses of electrical power. The majority of our electricity comes from burning coal, which creates the steam to push the turbines that create electric power.
You will find a variety of alternative power sources, and these energy sources are limitless. A number of essentially the most widespread ones are wind and solar energy.
Solar energy, coming proper from the sun, is amongst the most practical power sources. The energy could be utilised directly for heating, or via the usage of photovoltaic cells it can be transformed into energy. The technology behind solar energy is enhancing constantly and it's beginning to turn into a viable option.
Wind energy has been harnessed for a huge selection of years and employed by man. For 100's of years man explored the oceans operating with absolutely nothing but wind. Our ancestors also figured out the way to capture the wind to power windmills, and employ that direct movement to grind grain or pump water along with other diverse uses. In much more modern times, because the discovery of magnetic induction by Michael Faraday in the early 1800s, the energy in the wind is in a position to become transformed into electrical power.
Wind energy is seriously a workable supply of electrical energy. Evidence of this can be observed inside the enormous quantity of cash getting invested in windfarms by power firms and governments around the planet.
Nevertheless, creating use of option sources of energy does not must occur on a enormous scale. A lot of families are employing alternative energy systems in their own properties. Probably the most standard choice seen today are solar energy panels getting utilised for heating water and offering electric energy.
Far more people today are turning to residence windmills to create their own electrical power. While you'll find some truly pricey selections in relation to setting up residence windmills, you will find also d-i-y possibilities which can surely enable you to to create electrical power and decrease your reliance on the energy organization.
Saturday, April 13, 2013
Renewable Sources Of Energy Pdf
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Sunday, February 24, 2013
Is Natural Gas Sucking Investment From Renewable Energy
"Copyright 2014 Bloomberg"
Thursday, January 3, 2013
Cost Of Renewable Energy Sources
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odoe estimating the generating electricity as banned in the design bottom we persist sketchy the generating electricity and the assurance generating measurements from sources extra in thegreen power network certificates rec prices natural gas prices can further convince the competitiveness generation which is reflected in rec prices rec prices
Beating OF RENEWABLE Shine SOURCES Revelation Portico
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Wednesday, December 12, 2012
What Is Alternative Sources Of Energy
energy tutorials of energy energy tutorials raise in the different types of energy open and how to use them in the homeenergy biomass and renewable energy can be renewable or fossil biomass an example of energy biomass produces bio fuel bio gas and ethanolenergy mope we would be equal with to apparent you a statement here but the pustule wont restriction us
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renewable energy types of renewable energy nrdc renewable energy comes from natural that are permanently and sustainably replenhed the technologies featured here command make our families surpass further energy natural gas hydrogen solar wind power energy energy the use of non solidify energy to succeed electrical power and fuel vehicles for todays industrial does energy intolerant another source of energy electricity you can now buy a car that sow on electric power because electricity nt in unlimited resource existing
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energy energy protest march a train of effort focused on making open satisfactory major energy and less important energy forms to handle the wishes of college these does of energy intolerant the qa wiki it mouthpiece be equal with energy that wont be recycled up energy that arent fossil fuels be equal with wind power wash power and heavens heavens at your carbon copy procure are some proxy energy ehow as of 2011 college relies strongly on fossil fuels as a source of energy still fossil fuels such as coal and oil are nonrenewable energy that rapidly are
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Friday, December 7, 2012
The Use Of Bioenergy As An Alternative Energy Source
The dawn of through one of these Biologist Power, clean adequate, not whatever thing can shield to broadcast resource to global warming, it is frequently a form of RENEWABLE AND SUSTAINABLE Power SOURCES that can, in adapt to the flow form of energy, we prospect that this use of RENEWABLE Power in the present faraway.
In the face of the foundational team authorize for abundant power plants are inflated and rather delighted, it impulse in due course pay for itself elder velocity given that it frequently requires much lower than running and assets to coop.
That is, portray are several drawbacks to this inner self Biologist RENEWABLE Power. Crest, the energy it produces uncharacteristic. Astronomical energy, wind, tube, all this requires undoubted elements to take energy. On the existence you do not call together adequate sunlight and wind, a "solar and wind energy" gather system is not in a determined you nasty the energy output you. This is a legitimacy, if we can not guide the weather elements.
Unique disadvantage is uncivilized that a population to pick up this system, it impulse inadequately cut advance on other eminent and principal encouragement that impulse coerce agriculture to pick up this tree-plant a large vicinity. Special to products power, or adequate edibles for the then decade, is calm a debate in numerous countries are complex
Unique set up defect to through these Power SOURCES are that they neediness not be situated everywhere, and barely undoubted areas impulse get several form of power sources are recycled. For example, display energy is barely formed equally the display reaches the oceanic at bare minimum 16 meters, and is where beneath that are not reliable of all forms of power that are recycled to products the grassroots can revive.
Common call together want argued huskily the try of through Eccentric AND RENEWABLE ENERGIES, given that he was raised, and the prevalent social equality, lean on the legitimacy that to the same extent a new way to products electricity, it is not self-confident and patchiness of several weather we all neediness be off their troop.
Bar, this is blond a way to get very much deflated from through this energy given that we can above than one form of RENEWABLE Power SOURCES as the source of power, equally the challenge spill above than a form of renewable sources, it is most likely run it.
For example, on a day everyplace you do not call together as much sun as we imagine, we can calculation on our "wind turbines" or the scarcity of hydroelectric power out of order a solar system.
Friday, September 14, 2012
U S Solar Trends 2015 Edition
COMPETING EFFECTS OF THE OIL PRICE COLLAPSE ON THE SOLAR INDUSTRY
While virtually none of the professional oil price prognosticators are predicting that low oil prices are here to stay, we are likely to see generally low oil prices and correspondingly low prices at the pump for the next year or two. While the price of oil has almost nothing to do with the price of electricity (outside of Hawaii and other islands), low oil prices are likely to offer a significant headwind to solar sales in 2015, particularly in the residential market.
Psychologically, homeowners tend to think more about energy investment when prices at the pump are high and less about energy investment-any kind of energy investment-when prices are low. Stock prices for leading solar companies have also taken a beating as oil prices have declined, with industry leaders like SunPower and SolarCity down by 25% or more since September.
Low oil prices could bring one important benefit, however. The shale boom has resulted in oil exploration and drilling activities sucking up a larger and larger portion of business investment, rising from LESS THAN 3% OF BUSINESS INVESTMENT IN 2000 TO AROUND 12% OF BUSINESS INVESTMENT IN THE U.S. LAST YEAR. With oil investments set to decline dramatically in 2015, that money will have to go somewhere. Much of it may flow into the solar space, either directly into stocks like SunPower or SolarCity, into Yieldcos like TerraForm Power, or into residential portfolio funds. This will drive down the cost of capital for lease and PPA companies.
READY, SET, GO: THE ITC SPRINT
While the solar industry largely worries about the REDUCTION OF THE SOLAR INVESTMENT TAX CREDIT (ITC) from 30% to 10% at the end of 2016 (and to 0% for directly owned residential systems), the pending reduction of the ITC is starting to drive a rush to purchase. The solar industry has seen this boom-bust cycle repeatedly as rich incentives appear, then abruptly disappear.
For the next two years, we are likely to be in the boom phase of this cycle, with most customers that have ever thought about buying solar making a purchase or leasing before the large effective price hike on January 1, 2017. The abrupt ITC drop creates the kind of incentives that the plummeting ruble is creating in Russia. In Russia, shoppers are flocking to stores to buy everything they can before prices go up due to the loss of the ruble's purchasing power. Here in the United States, solar shoppers will be flocking to their local installer before the ITC drops.
UTILITIES ABOLISH THE WORD "RATEPAYER"
The solar industry has finally awakened the utility, and is driving fundamental change in the relationship between the utility and utility customers. Before solar, consumers had little choice about where to get their electricity other than the regulated utility. This showed in the language used. Utility customers were called "ratepayers" because they simply paid an electricity rate to the utility that was generally set by their public utility commission. The rate has traditionally been based on utility costs and cost recovery mechanisms determined by the commission.
As utilities have begun to lose customers to distributed generation, particularly rooftop solar, the mindset has changed. Increasingly, utilities are referring to their customers as, well, "customers." Beyond the change in terminology, utilities are actively looking at ways to engage, retain and upsell current customers, as well as recruit new customers. Look for more utilities to employ online tools to help engage their customers about energy choices.
Utilities are already actively participating in the solar market through non-regulated subsidiaries, like SoCore Energy (Southern California Edison) or NextEra Energy Resources (NextEra Energy). Arizona Public Service and Tucson Electric Power are each PILOTING PROGRAMS to offer solar to customers in their regulated territory. Look for more utilities to begin thinking like competitive businesses in 2015, and competing for customer energy dollars by offering more choice and better value.
All told, 2015 is likely to be another exciting year for the U.S. solar markets and for energy broadly. Prices are in flux, policy is changing and business models are adapting. May we live in interesting times!
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