Radical Changes for Energy Business

A big supplier of gas and electric in Britain, reports that it sees big changes ahead for the energy business, according to an article from the Guardian newspaper:

Centralised fossil fuel fired generation would have to give way to a combination of energy efficiency and diversity of generation.

"The days of meeting an unchecked demand for energy through monolithic carbon intensive power stations are coming to an end. Increasingly the emphasis will be on energy efficiency, renewables, cleaned up fossil fuel plant and micro generation," the company said in a statement accompanying its full-year results.

My sense, too, is that energy providers will need to become facilitators of power generation and delivery, and that power will be distributed in thousands of smaller and larger locations, including residences and businesses.

Read the full story here.