the new age of electricity - utilities in 2019 - residential energy storage

The cost of energy storage is slowly falling, but that's for sure.
This development will fundamentally change the relationship between consumers and power companies.
It is increasingly recognized that storage will cause significant disruption to the utility business model.
Utilities should not use electricity as a core product, but should more and more by providing additional high
Excellent service and extra charge for customer's connection. Grid defect
When customers leave their utilities and rely on their own power generation
This is an increasingly serious phenomenon in some areas, and it is a wake-up call in the company's office.
In some countries where prices are particularly high, the pressure is even more pressing.
This is evident in Jamaica, where the University of West India, the island's largest educational institution, announced that it would be completely out of the grid in favor of self-education
Power generation-
Though it comes mainly from gas turbines, not solar and storage.
In the United States and Europe, the overall flaw in the grid is still uneconomical for most people.
Some mesh defects, however-
Install solar storage while keeping connected to the grid-is on the rise.
↪Read more: 5 renewable energy TED lectures to start your 2019 utility death spiral. ByLane Sharman, executive director of the San Diego energy District, defined the ghost of the "utility death spiral" when "utility companies lose customer revenue from themselves"
It uses solar, wind or other technologies to generate electricity, stimulating utilities to increase rates for other customers to maintain their revenue base.
"↪Please also read: 6 renewable energy trends in social justice against renewable energy in 2019 are worthy of attention?
Without adequate preparation for changing technology, higher prices will have a retrograde effect, causing the greatest harm to the poorest people in society.
The men were unable to leave the grid and invest in solar panels with spare batteries.
This argument is often used to prevent companies that want to safeguard their own interests and the status quo from spreading renewable energy --
Net and other blocking policies-metering.
So the question remains: how do we make sure the grid
Most people will continue to use-
Keep function?
One option would be to nationalize, but it could run out of government money and be politically difficult.
Innovation and preparation is another option.
Utilities should find ways to change their business model, allow distributed generation, and encourage people to stay in the grid and charge appropriately.
This must be achieved by encouraging distributed renewable energy in a way that is economically progressive.
↪Please also read: the electric car revolution still exists in Barbados. The fight against green pollution, mainly affected by domestic solar facilities, aims to increase the cost of customers using solar energy.
In Nevada, the utilities commission has approved a bill that doubles the fixed connection fee for the solar system and reduces the credit value that customers receive by feeding back excess power to the grid,
Utilities around the world that want to protect profits are also promoting similar models.
↪Please also read: How the US solar industry lags behind Africa-
But new technologies may provide another market for electricity.
"In addition to the rapid technology and other changes in transportation, the green grid is
Brattle Group's March 2018 report, "new sources of utility growth: Opportunities and Challenges for electrified", states (PDF).
The savior of utilities may be the growth in electricity sales, as the economy has increased in the areas of transportation, heating and refrigeration.
Development of electric vehicles Edison Institute of Electric Power believes that electric vehicles (EVs)
Can provide the load growth that utilities urgently need.
The electrified transportation sector is an important but long-term problem.
Long-term opportunities for demand growth. The U. S.
S. Energy Information Agency said, "the transportation sector is the second largest energy consumer in the United States. S. (
Behind the Power Generation)
Today, however, 93% of the energy consumed by transportation comes from oil.
Promoting the development of the transportation industry is a proactive strategy: it can bring huge economic and environmental benefits and create new opportunities for consumer participation.
"↪Please also read: These islands are leading the development of hydrogen energy. An important issue is that people who go home to charge their electric cars can greatly increase peak demand times.
However, with the use of smart cars,to-grid (V2G)
Technology has the potential to overcome this risk.
V2G allows electric vehicles to communicate with the power grid and buy and sell electricity to smooth peak and low demand times.
V2G storage also allows electric vehicles to store and discharge electricity generated by intermittent renewable energy sources such as solar and wind energy
Provide additional storage networks for the grid.
Maybe all of this shows us that the era of utilities has passed, but there are also some innovative suggestions, such as integrated utilities (IUS)model.
The IUS model developed by the Rocky Mountain Institute of Fort Collins Utilities (Colorado)
Use energy efficiency and roof solar energy as the default option for residential and small commercial customers to finance other mechanisms to ensure that customers do not increase their monthly utilities and maintain utility revenue.
IUS can provide an alternative path, but it is not easy.
Utilities need to perfectly integrate a range of products, services and financing tools that have not been integrated before.
If successful, this could be an example for the municipalities
Utilities like Fort Collins and independent utilities.
If utility companies change their business model, IUS model and related methods, take advantage of their direct access to energy customers and provide them with products that are traditionally considered a threat, then they will
It may be time to revisit the activities and services that these departments know very well.
After all, these services may be the biggest hope for the future for utilities.