In business, economy of scale is an important concept of optimizing output while reducing cost per unit of output by increasing the size of production. For example, a larger entity would be more cost efficient per unit of production than a smaller unit, all other factors being equal. But, passing the optimum size brings in […]
In January this year, U.S. utilities trade group Edison Electric Institute (EEI) published a report on the precarious state of the U.S. electric power industry that subsequently launched a spate of doomsday articles such as “Electricity Utilities Must Evolve or Die: Are They Up to the Task?” and “Why the U.S. Power Grid’s Days are […]