Could Solar Kill PG&E?
A blog on the Energy Collective quotes Lyndon Rive, CEO of SolarCity: ‚ÄúWe‚Äôre an energy company. We install solar systems for free, and we sell the electricity at a lower rate than you can buy it from the utility. So given the option of paying more for dirty power or paying less for clean power, what would you take?‚ÄĚ
The blog goes on the postulate that Pacific Gas and Electric (PG&E), which serves most of northern California, is being threatened by solar installations because of price competition and the utility‚Äôs inability to respond to a changed competitive landscape.
Read more at Energy Manager Today.
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