November 9, 2015 /3BL Media/ - As regulators, industry representatives and advocates discuss power sector challenges at the National Association of Regulatory Utility Commissioners’ (NARUC) annual meeting, Ceres today releases a report outlining a pathway to align the electric utility business model with increased clean energy deployment and long-term financial viability amid growing climate change concerns. The rapid pace of technological change, falling renewable energy prices, increased energy efficiency, and policymaker focus on low-carbon energy and customer choice are increasingly challenging the traditional utility business model – yet as the report lays out, there are win-win solutions.
Commissioned by Ceres and authored by electric utility expert and investment banker Peter Kind, Pathway to a 21st Century Electric Utility Model proposes a vision for accelerating the transition to a reformed electric system that benefits all stakeholders, including customers, competitive third party providers (e.g.. companies deploying rooftop solar), policymakers, utilities and their investors.
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