Utilities Are Creating the Conditions for Their Own Demise

Utilities in the U.S. are between a rock and a hard place when it comes to the future of energy. The rapidly falling cost of wind and solar energy have created a condition where wholesale power plants are going bankrupt because they can't compete in the market.

At the same time, utilities are changing the way they charge customers, creating the conditions that will push customers to install energy storage and consume energy created from rooftop solar-power systems. And in a world where electricity consumption is stagnant in the U.S., the future looks bleak for the utility industry.

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Source: Fool.com