Economics - CA

The electric utility sector is broken – but the transformation we need will be virtually impossible so long as a handful of wealthy elites are calling the shots

Utilities companies have their sights on ending net-metering: your ability to sell excess power at market rates. Photograph: Rex

CLICK HERE - REPORT - Energy and Policy Institute - Utilities Knew: Documenting Electric Utilities’ Early Knowledge and Ongoing Deception on Climate Change From 1968-2017

theguardian.com - by Kate Aronoff - August 1, 2017

A new report from the US-based Energy and Policy Institute last week found that investor-owned utilities have known about climate change for nearly 50 years – and done everything in their power to stop governments from doing anything about it.

From their commitment to toxic fuels to their corrosive influence on our democracy to their attempts to price-gouge ratepayers, it’s long past time to bring the reign of privately-owned electric utilities to an end.

Falling solar and wind prices have led to new power deals across the world despite investment in renewables falling

Solar panels on sale at the Naran Tuul market in Ulaanbaatar, Mongolia. Photograph: Seong Joon Cho/Getty Images

CLICK HERE - Global Status Report - REN21 - Renewable Energy Policy Network for the 21st Century

theguardian.com - by Damian Carrington - June 6, 2017

Renewable energy capacity around the world was boosted by a record amount in 2016 and delivered at a markedly lower cost, according to new global data – although the total financial investment in renewables actually fell.

The greater “bang-for-buck” resulted from plummeting prices for solar and wind power and led to new power deals in countries including Denmark, Egypt, India, Mexico and the United Arab Emirates all being priced well below fossil fuel or nuclear options . . .

 . . . The new renewable energy capacity installed worldwide in 2016 was 161GW, a 10% rise on 2015 and a new record, according to REN21, a network of public and private sector groups covering 155 nations and 96% of the world’s population.

Image credit: Flickr user 10 10

utilitydive.com - by Herman K. Trabish - March 14, 2017

Beyond simply contracting for solar, utilities are increasingly investing in the sector to ‘position themselves to be the utility of the future'

Solar energy is becoming a generation resource so ubiquitous that utilities are looking beyond simply contracting for new capacity and are increasingly moving into the sector themselves.

Solar added a record-breaking 14,762 MW of capacity in 2016, nearly doubling its 2015 growth. The resource added 39% of all new U.S. generation capacity in the year, making it the leader among all resources for the first time.

Growth was dominated by utility investment in 2016, a trend that’s expected to continue, according to a new report from the Solar Energy Industries Association and GTM Research.

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Annie Moody adjusts belongings next to her tent on Towne Avenue at 6th Street in Los Angeles. (Gary Friedman / Los Angeles Times)

latimes.com - by Peter Jamison, David Zahniser and Matt Hamilton - September 22, 2015

Los Angeles elected leaders announced Tuesday that they will declare a “state of emergency” on the growing homelessness problem in the city and commit $100 million toward housing and other services for homeless people.

The proposal, which was presented at a City Hall press conference attended by City Council members and Mayor Eric Garcetti, coincides with a Garcetti administration proposal, issued late Monday, that aims to free up nearly $13 million in newly anticipated excess tax revenue for short-term housing initiatives.

If approved, the pair of initiatives could significantly increase the resources dedicated to tackling homelessness in a city where the majority of the 26,000 homeless people live on the streets.

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