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It is the first meaningful demand growth this century for the electricity industry How is this bad? Are the utilities just lazy?
by idunnoman1222 2y ago
It is the first meaningful demand growth this century for the electricity industry
How is this bad? Are the utilities just lazy?
- jsnell 2y agoBut that's what the article is about. The utilities are being asked to make massive speculative investments in transmission infrastructure, but are dubious that the demand will actually be there when those projects finish in half a decade, and they'll be left holding the bag.
- kazen44 2y agoAlso, infrastructure investment has a very long return on investment. (power plants for instance need to run decades to make back their profits, especially nuclear power plants. Other forms of energy generation come and massive ecological costs. Are we really prepared to spend this much energy on a speculative technology? especially when it is destroying the planet while doing so?
- whimsicalism 2y agowe should already be spending a ton on renewables and transmission capacity. this is a good way to ensure emissions become sustainable
- radicality 2y ago“to make back their profits” - is electricity / energy generation usually all owned by for-profit companies and not at all by government/public? Is it any different in USA vs other countries? I feel that energy generation (key component if we want to grow as a species) should be helped/sponsored by governments and not really expected to turn any profit.
- qeternity 2y agoThis is why long term offtakes exist. The customer can prove their conviction and share in the risk. Extremely commonplace.
- adgjlsfhk1 2y agothat doesn't help too much if the utilities expect the companies to be around in 10 years
- cr__ 2y ago> How is this bad? The power is being used wastefully.
- idunnoman1222 2y agoWho decides?
- kibwen 2y agoBillionaires. Sorry, I mean, "the market".
- idunnoman1222 2y agoBillionaires decide if a thing is wasteful?