Why
traditional utilities are like frogs in warming water» Jim Rogers, the recently retired head of Duke Energy, the biggest
utility in the US, says
regulations and business models will not change quick enough to save
traditional utilities in face of solar.
We will examine how public
utility regulation and environmental law have traditionally balanced cost, reliability and environmental performance in the electric generation mix, and how that balance is changing as (i) wholesale electricity markets (and some retail markets) have come to rely more on competition and market pricing of electricity, and (ii) renewable generation replaces more
traditional, dispatchable resources.