Introduction

There are many who believe that the electric power sector is entering, or has already entered, a new phase in its evolution, requiring significant changes in its operations, business model, culture, and how it is regulated—issues further examined in this book.
The debate about the future of power industry is heated, with varied opinions on the ultimate outcome. One side says the dreaded utility death spiral is here, or near, and the industry is heading into a fatal stall from which there is no escape. According to a recent study by Accenture, for example, by 2025, the annual revenues of US utilities may potentially be as much as $48 billion lower than they would have been otherwise due to the rapid growth of distributed generation ...

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