A new report from leading utilities analysts at investment bank UBS suggests that energy utilities in Europe, north America and Australia are facing a “perfect storm” from the falling costs of renewables, energy efficiency and falling demand, and may not be able to sustain their business models.
The perfect storm has been created by Taxpayer funded clean energy subsidies. It’s a question of who goes broke first; the Taxpayers or the Utilities. Taxpayers are also electricity consumers, so what they lose in subsidies should come back in terms of cheaper electricity. Taxpayers therefore seem to have the edge over the Utilities.