Wednesday, November 26, 2014

BRIBED regulators approve plan to gut energy efficiency goals

Florida regulators approve plan to gut energy efficiency goals, end solar power rebates | Tampa Bay Times: The moves by Florida utilities come as the ground beneath them continues to shift, threatening their business model. Increasingly, they are in need of ways to thwart the growing impact of rooftop solar and battery storage technology that could give more consumers energy independence.

And the utilities know it all too well. What the rest of the world admiringly calls renewable energy and conservation, the utilities call "disruptive'' technologies.

"The financial risks created by disruptive challenges include declining utility revenues, increasing costs, and lower profitability, particularly over the long-term," according to a report written for the Edison Electric Institute, which represents all U.S. investor-owned utilities.

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