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Rethinking the Grid

A 1.6 MW wind turbine installed at Mount Wachusett Community College. (Photo credit: Mount Wachusett Community College)

Image: A 1.6 MW wind turbine installed at Mount Wachusett Community College. (Photo credit: Mount Wachusett Community College)

nesea.org - February 17th 2015 - Karl Rabago

For more than 100 years, taxpayers, ratepayers, investors, and policymakers have supported the growth and operations of the electric utility industry. The ratemaking formula, under which capital investment is recovered and healthy profits are guaranteed, has helped make electric service in the United States nearly universal and relatively cheap. For much of the last century, the model leveraged increasing economies of scale to enable the provision of electricity as well as profits and dividends.

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