Who Pays? AI Boom Sparks Fight Over Soaring Power Costs
AI may drive up costs to existing ratepayers so what can be done? Rather than continuing to squeeze more and more into the increasingly fragile utilities and grids, what if we open the door to new utilities and new grids? In most industries that would already be happening. A big increase in demand would lead to an increase in supply and the entry of new suppliers. Not in electricity though. Suppliers are either state-sanctioned monopolies or so highly regulated that entry is difficult. "Consumer Regulated Electricity" (CRE) is state-level policy that can help.
CRE would allow the entry of entrepreneurs to the electricity supply business. And unlike much of the electricity sector today, these entrepreneurs would be competing with each other as well as the incumbent utilities and grids. Since they'd be competitive, they would embrace speed and innovation in ways that we haven't seen in the electricity sector in a century. Speed and innovation are exactly what the sector needs now.
Want to learn more about CRE? Then send us a message here on LinkedIn, follow us here as well, and check out our website @ Advocates4CRE.org.
