Fascinating post by David Roberts on Grist about how the utilities business model, in use for a hundred years or so, might be destroyed by creeping use of home solar panels.
Based on a report by the industry itself, it suggests that the electric grid might go the way of the fixed phone, Kodak, RIM and the US Postal Service. Even limited penetration of solar panels, the report says, will begin a vicious cycle in which the utilities will have to increase costs to compensate for declining revenues, thus driving more people to install solar, and so on.
Let's hope this is prescient.
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