http://www.latimes.com/business/la-f...203-story.html
" A Modern electric grid that incorporates solar, battery storage, energy efficiency and smart technology could save Californians $1.4 billion a year, according to a report released Thursday by rooftop solar giant SolarCity.
In its 28-page report, SolarCity argues that the current utility model works against consumer interests by encouraging utilities to build more power lines, substations and other parts of the electric grid. Utilities typically receive a 10.5% return on the money they spend on projects.
"Utilities have a fundamental financial incentive of 'build more to profit more,' which conflicts with the public interest of building and maintaining an affordable grid," the report states. "This financial incentive model is a vestige of how utilities have always been regulated, a model originally constructed to encourage the expansion of electricity access."
SolarCity proposes creation of a body that would manage localized electricity generation, such as rooftop solar and battery storage. Utilities would continue to focus on managing the grid with revenue from providing distribution services rather than making money from building more."
" A Modern electric grid that incorporates solar, battery storage, energy efficiency and smart technology could save Californians $1.4 billion a year, according to a report released Thursday by rooftop solar giant SolarCity.
In its 28-page report, SolarCity argues that the current utility model works against consumer interests by encouraging utilities to build more power lines, substations and other parts of the electric grid. Utilities typically receive a 10.5% return on the money they spend on projects.
"Utilities have a fundamental financial incentive of 'build more to profit more,' which conflicts with the public interest of building and maintaining an affordable grid," the report states. "This financial incentive model is a vestige of how utilities have always been regulated, a model originally constructed to encourage the expansion of electricity access."
SolarCity proposes creation of a body that would manage localized electricity generation, such as rooftop solar and battery storage. Utilities would continue to focus on managing the grid with revenue from providing distribution services rather than making money from building more."
Comment