Given the rising costs of fossil fuels, this would be a PR nightmare for the generation industry, but UBS raises the possibility, echoing our story last year about how
electricity business models and markets are effectively broken.
In terms of infrastructure, such big solar fits as comfortably as a coal - fired power plant in the
traditional electricity business model, which involves large plants transmitting electricity over a grid of conducting lines through transformers and into individual homes and businesses.
Williams also played a crucial role in transforming
the electricity business into a leader in clean energy.
During her tenure as president, PG&E connected more solar rooftops and supported more EVs than any other energy company in the U.S. With her at the helm of the company's
electricity business, PG&E reached its 2020 target — to generate 33 % of its electricity from renewable sources — three years early.
Suarez also questioned how much synergy would be at work: The canal is largely a tourism resource, while NYPA is in
the electricity business, he noted.
Here's what happened: For the first century of
the electricity business, the power plants were costlier and less reliable than the grid, so it made sense to build a bunch of big power plants backing each other up through the grid.
Around the country, players in
the electricity business — regulated utilities, independent merchant generators, and municipal suppliers — are placing bets on which options will be the winners.
While storage actually consumes a little electricity rather than producing any, it makes
the electricity business more economically efficient.
In Japan, there was a «connection obligation» with some conditions under the Act on Special Measures Concerning Procurement of Electricity from Renewable Energy Sources by Electricity Utilities, known as the FIT Act, but it was removed under the revised FIT Act, and was replaced with the principle of «open access» under
the Electricity Business Act.
At issue is an obscure federal policy known in the dry language of
the electricity business as «Order 745,» which a lower court vacated last year.
Know of someone currently looking for a job in
the electricity business?