Selected category: Utility Business Models

Desperately Seeking Monopoly Protection

11513503393_78e4c159c3_zThey say crises don’t test your character, they reveal it. I believe they do the same thing to your vision of the future. Times are tough for Ohio’s FirstEnergy, and CEO Chuck Jones is signaling where he wants the utility to be in the future: the past.

First, we need to look back to last year, when Jones pushed the Ohio legislature to halt state efficiency and renewable energy standards that helped reduce electricity demand and saved Ohio customers millions of dollars.

This year, Jones’ vision quest is a $3 billion bailout – to be paid for by his customers – that would guarantee the purchase of power generated by FirstEnergy’s older and costlier power plants. In a recent op-ed, Jones argued that the deal would secure Ohioan’s energy independence. Read More »

Also posted in Clean Energy, Energy Efficiency, FirstEnergy, Ohio, Renewable Energy| Read 5 Responses

Another Tech Giant Supports North Carolina Renewable Energy Policies

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SAS Institute, Inc. – a North Carolina-Based technology company – has joined big names like
Apple, Facebook, and Google in a growing chorus of high-profile tech firms urging lawmakers to protect North Carolina’s burgeoning clean energy economy.

SAS told state lawmakers in a recent letter: “Technology companies value North Carolina’s existing energy policies, which enable us to operate and grow our businesses in a sustainable manner.”

At stake is North Carolina’s Renewable Energy Portfolio Standard (REPS), which requires utilities to get 12.5 percent of their energy from sources such as solar and wind by 2021.The REPS and other thoughtful clean energy policies have helped create new markets that are attracting investments, building businesses, and creating jobs. The results are impressive.

North Carolina’s clean energy industry is growing

Today, North Carolina’s clean energy industry includes more the 1,200 firms providing nearly 23,000 jobs. In 2014, the industry generated nearly $5 billion in gross revenues for the state’s economy.

Much like North Carolina’s world-class university system, the growing clean energy economy makes the state an attractive choice for business leaders who are looking for the right place to invest and grow their businesses. Read More »

Also posted in Clean Energy, North Carolina, Renewable Energy| Comments are closed

What do Uber and Airbnb Have in Common with Clean Energy?

Airbnb_Uber‘Disruptive’ is a favorite word among entrepreneurs and innovators, but start-up companies like Airbnb and Uber truly have disrupted long-standing industries over the past few years. Beyond their youth and success, what further links these two companies as well as many others (such as Teespring, Postmates, Patreon, and Verbling), is the way they empower people.

Exemplified by Airbnb and Uber, among others, is a new kind of business model that is revolutionizing many sectors, including how we get our electricity. Just like hotel and taxi industries, these disruptive, decentralized trends are taking hold in energy – affording people more choice, enabling existing resources and technology, and empowering people to veer from the traditional provider of services. Moreover, they even allow some people to make money in ways that didn’t exist until recently. Read More »

Also posted in Clean Energy, Electricity Pricing, Energy Storage, Renewable Energy, Smart Grid| Comments are closed

How to Ensure New Natural Gas Infrastructure Doesn’t Lock Out Renewables

PipelineIn an ideal world, our electricity system would run on 100 percent clean, renewable energy. Moving toward that goal means transitioning away from a system of centralized, fossil fuel power plants, to an intelligent, efficient, networked energy grid that smoothly integrates vastly increased amounts of renewables and energy-efficient solutions.

To do that, we have to balance the intermittency of renewables with our steady need for electricity. That’s where natural gas comes in: When the sun stops shining or the wind stops blowing and renewables are offline, gas-fired plants can ramp up more quickly and efficiently than coal plants.

Many policymakers, regulators and industry members believe we have to build thousands of miles of new pipelines costing $150 billion or more to feed this need. But that could be an unnecessary and expensive mistake, not just now but over a very long term. Read More »

Also posted in Clean Energy, Electricity Pricing, Energy Efficiency, General, Natural Gas, Renewable Energy| Tagged , | Comments are closed

Community Choice Programs Empower Electricity Customers in New York and Beyond

By: Paul Fenn, Founder and President of Local Power Inc.

solar panelNew York has embarked on a major energy reform that will change the way electricity is produced, distributed, and priced in the state. The effort, called ‘Reforming the Energy Vision’ (REV) has the potential to scale up the use of local renewable energy resources and widely deploy energy efficiency technologies, reduce energy bills, and give customers greater control over their energy use.

New York’s REV effort would change the longstanding utility business model that relies on a one-way, centralized power grid delivering electricity to customers, most of it generated by aging, polluting power plants. Under this model, the environmentally-conscious customer has little say over how her energy is produced. Read More »

Also posted in California, Clean Energy, Energy Financing, New York, Renewable Energy, Smart Grid| Comments are closed

We Need to Support All Types of Solar: Utility-Scale, Rooftop, Community, and More

solar panelSolar energy is booming – and you needn’t look further for proof of its success than Brian H. Potts’ recent op-ed in the Wall Street Journal. When a utility lawyer like Potts is arguing for what type of solar energy our country should be investing in –utility-owned, large-scale solar versus customer-owned, rooftop – you know this renewable energy resource has gone mainstream. And that’s a good thing.

We should support a wide variety of clean energy resources precisely because these technologies eliminate the costs of pollution now being socialized by fossil fuel generators. And this is becoming all the more critical as the costs of a changing climate grow. Read More »

Also posted in Clean Energy, Climate, Electricity Pricing, Energy Financing, Renewable Energy| Comments are closed
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