When that happens,
utilities lose revenue, and their power plants may become obsolete.
Not exact matches
However, once solar consumers combine cost effective battery storage with their solar panels (enabling them to store excess power and reduce their dependence on the grid)-- franchise owning
utilities will inevitably begin to
lose revenues.
Utility companies warn that the
lost revenue from solar - powered costumers will necessitate price increases for people without solar panels, because the electric grid and other critical infrastructure must still be maintained.
That means if an owner of a property neglects to pay their property taxes or
utility bills, the city or courts can seize and sell the property in order to recoup their
lost revenue.
The death benefit can be used to help replace
lost revenue or to pay costs associated with keeping the doors open, including rent,
utilities, lease payments, and payroll.
The
utility industry nationwide, not just in Connecticut, has long argued that, because of the
revenue they
lose from solar customers who only draw power from the grid part of the time — chiefly at night — they have to charge non-solar customers more to maintain the grid.
For
utilities, water loss from old, leaky systems means
lost revenue for upkeep, too.
A new report on decoupling shows that
utilities can collect
revenues lost due to energy efficiency measures without harming customers.