Utilities Face Billions In Losses From Distributed Renewables

Posted by Soulskill on Tuesday December 9, 2014 @12:09PM from the reacting-slowly-to-new-technology-is-not-a-business-plan dept.

Lucas123 writes: Over the next 10 years, adoption of distributed power in the form of renewables such as solar power has the potential to reduce revenues to grid utilities by as much as $48 billion in the U.S. and by $75 billion in Europe, according to a new study. The study, by Accenture, revealed that utility executives are more nervous (PDF) about the impact of distributed — or locally generated renewable power — than ever before. 61% of those surveyed this year indicated they expect significant or moderate revenue reductions compared to only 43% last year. The cost of rooftop solar-powered electricity will be on par with prices for common coal or oil-powered generation in two years, and the technology to produce it will only get cheaper, according to a recent report from Deutsche Bank. New technologies, such as more efficient solar cells, are also threatening to increase efficiencies and drive adoption.

1 of 280 comments (clear)

Min score:

Reason:

Sort:

Predictions by Anonymous Coward · 2014-12-09 12:46 · Score: 0, Troll

I tell you with 100% certainty, this study is 100% wrong.
Why?
Because of the word 'prediction'. Nobody can predict the future or even come close to it. It's one thing to get something close a quarter or even one year ahead, but 10 years?
NFW.
A LOT will happen in 10 years; especially in renewable energy.