Utilities are often heavily regulated, with large fixed costs and legal requirements to serve many customers with the same price structure. Some of those custo

Utilities are often heavily regulated, with large fixed costs and legal requirements to serve many customers with the same price structure. Some of those customers are going to be better served by doing something else. As the price of solar and local storage goes down compared to the legacy cost structure of utilities, it can make more sense for more of those customers to leave.