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Renewable Energy Injects Competition Into Energy Industry

MAR 30, 2012 - A good article over at Crikey.com really lays out how renewable energy like solar power are injecting competition into the energy industry, a position electric utilities are not used to and are not happy about.

“The first graph illustrates what a typical day on the electricity market in Germany looked like in March four years ago; the second illustrates what is happening now, with 25GW of solar PV installed across the country. Essentially, it means that solar PV is not just licking the cream off the profits of the fossil fuel generators — as happens in Australia with a more modest rollout of PV — it is in fact eating their entire cake.”

Read more here at Crikey.com.