The levelized cost of electricity (LCOE) of solar and onshore wind power have declined so much in the past decade that we’ve gone from an all-renewable grid being a pipe dream to it being a matter of simple market logic. While there are a couple of challenges ahead, this is at least encouraging as we continue down the road toward decarbonization.
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Measuring energy burden is relatively straightforward. Figuring out how to create robust metrics for it, though– and how to address it- is much more challenging.
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Too much regulation restricts innovation. But too little regulation does the same, and this is what we see in the crumbling infrastructure of Michigan, where regulators are asleep at the wheel in the name of a “business-friendly regulatory” environment that, as it turns out, is neither terribly regulatory nor terribly business-friendly.
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