With more than a million US houses set to have solar panels by the end of next month, grid managers serving the eastern US plan to cut the amount of electricity they buy from conventional plants by about 1,400 megawatts, starting in 2019, according to industry consultant ICF International Inc. That’s enough juice to power about 780,000 households. The result could be as much as $2 billion in lost revenue for generators that are already reeling from lower demand, tight environmental regulation, and depressed prices.
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Peak Oil Review – 21 March 2016
By Tom Whipple
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