Cheap solar power is sending electrical grids into a death spiral

In 1812 Frederick Winsor, a madcap entrepreneur, invented the general public utility. The thought behind his Gasoline Mild and Coke firm, which might provide residents of London, was that as an alternative of every family shopping for its personal vitality—luggage of coal, bits of firewood—the stuff can be piped on to them from a central location. Extra prospects, with differing patterns of demand, would enable energy crops for use extra effectively. It was a pure monopoly: scale would unfold the price of the gasworks, the pipes and so forth throughout giant numbers of consumers, every spending lower than they might individually to eat simply as a lot. The thought of “vitality as a service” unfold the world over.