Selling electricity was once a relatively simple proposition.
A utility fired up a power station with coal, natural gas, oil or some other fuel, and sent electricity down a wire to customers.
But the business model for the electric power industry has changed dramatically in the U.S. over the past 25 years, with deregulation opening markets to competing sellers of electricity, and new technologies offering a dizzying array of options for consumers.
The latest sign of change in the industry is the announcement by Edison Internationalof a new subsidiary called Edison Energy that sells “energy as a service” to commercial and industrial customers throughout the U.S.
“It’s an interesting time for Edison and an interesting time for the whole industry,” Allan Schurr, the president of Irvine, Calif.-based Edison Energy, said following the company’s unveiling on Tuesday. “It was just time for us to make this move.”
Read More: http://www.usatoday.com
P4A in the News
- Pennsylvania American Water Files Request With PUC to Replace Lead Service Lines
- Illinois American Water Distributes Grant to Morris Fire Department
- Consumers Energy Investing Nearly $440 Million to Enhance Safety, Reliability of Natural Gas System
- Universities Participate in National Solar Energy Competition
- Former US Energy Secretary Ernest Moniz Joins Board of Directors for Fusion Energy Leader Tri Alpha Energy