A great deal of attention is being paid to the “Death Spiral of the Utility Industry” as renewable generators replace older hydrocarbon based generators.
In practice it is never so easy and there is still life left in the corpse of the old utility companies. This is because they have transmission infrastructure that is critically important for access to consumers and interfacing with new renewable supply. The IEA recently explained why the legacy utility infrastructure is critical in order to allow the flexible scaling up of the renewables industry. In developed countries the legacy infrastructure is more important than in developing countries which have less of a legacy.
So there is still life after the “Death Spiral” for utilities after all, especially in the developed world.