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Is the electric business doomed? That may seem a foolish question when every analysis indicates that global electricity use will continue to increase rapidly in the coming decades. But that depends on what you mean by 'electric business'. Electricity was not originally a business. It might, once again, no longer be.
Treating 'run-of-the-river' hydro, wind and solar electricity as consumable commodities is fundamentally inconsistent, and has important implications for policy and investment, argues Walt Patterson.
The world is undergoing a dramatic electricity transition, and the global struggle for power over this transformed electric system is set to profoundly shape our future, argues Walt Patterson.