According to some estimates, solar, wind and other forms of renewable energy will generate over 85% of electricity by 2050. This transition towards renewable energy is coming faster than our imagination. Traditionally, electricity has been generated by utility scale electricity generators and the electricity business has been a monopoly due to full control of utility companies on the wire business. The uptake of distributed solar energy has changed this monopoly and now customers can produce their own energy with an option to export it back to the grid. Falling solar prices have made it attractive for customers to partially generate their own electricity and with falling battery prices, the customer may defect the grid altogether.
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