Deregulated energy markets accelerate solar adoption
(seanobannon.substack.com)
Solar power has become the cheapest source of new electricity generation in many parts of the U.S., but adoption depends heavily on market structure. Deregulated markets, where entrepreneurs and independent power producers can directly pursue profitable opportunities, have rapidly embraced solar, while regulated utilities remain slow to change due to legacy investments and bureaucratic oversight. To accelerate the shift to renewables and a cost competitive future, the U.S. should pursue greater deregulation, enabling private capital to build a cleaner, larger-capacity grid.
Solar power has become the cheapest source of new electricity generation in many parts of the U.S., but adoption depends heavily on market structure. Deregulated markets, where entrepreneurs and independent power producers can directly pursue profitable opportunities, have rapidly embraced solar, while regulated utilities remain slow to change due to legacy investments and bureaucratic oversight. To accelerate the shift to renewables and a cost competitive future, the U.S. should pursue greater deregulation, enabling private capital to build a cleaner, larger-capacity grid.