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Walmart, Safeway, Others Unplugging From Unreliable Power Grid

Walmart solar panels [1]More large corporations have decided that the electric power grid is unreliable [2] and are planning to unplug from it and generate their own electricity.

The Wall Street Journal has confirmed a story that Off the Grid News previously reported – and the newspaper found the practice is even more widespread than previously thought.

Off The Grid News had reported that several large corporations [3], including Walmart, Safeway, Google, Bank of America and Coca-Cola, are spending hundreds of millions of dollars on systems to generate their own electricity. A Journal article indicates that many other large companies [4], too, are taking steps to generate their own electricity.

Electric companies are worried

The generation of electricity by private corporations has grown to such a level that it’s beginning to cause utility executives to worry, Journal reporters Rebecca Smith and Cassandra Sweet noted. They wrote: “The growing number of companies that are at least partially energy self-sufficient is sending a shudder through the utility industry, threatening its revenues and growth prospects.”

Harness the power of the sun when the power goes out… [5]

The two made the conclusion based on a report put out by the Edison Electric Institute. The Institute is a think tank for the electricity utility industry.

One of the main reasons large companies are looking into generating their own power is the fear that power outages will become more common. The aftermath of Superstorm Sandy, when large areas of the East Coast went dark, convinced many companies that the grid is unreliable, Rick Fioravanti, an executive at DNV Kema — a consulting company — told The Journal.

Journal Predicts grim future for the grid and home electric customers

Sweet and Smith made some troubling revelations about the power grid and its future in their article. These discoveries include:

The moral of the story is clear: Large corporations no longer think that the grid is dependable. A company like Verizon wouldn’t be spending $100 million on fuel cell technology if it didn’t think it was necessary.

Big rate increases could be coming soon

Yet there’s another reason why corporate executives are rushing to generate their own electricity. It’s because the cost of self-generating technology such as solar panels and fuel cells is falling.

The cost of solar electricity and grid electricity for Walmart will be about the same in three years, David Ozment, the retailer’s director of energy management, told The Journal. If that’s true, it’s safe to assume it might be cheaper for Walmart to generate all of its own electricity and simply disconnect from the grid at some point in the future.

If big companies like Walmart leave the grid, utility companies will have to raise rates on households and small businesses to pay for the system.

Perhaps it is time for families and small businesses to start learning from big business. Big business has realized the importance of maintaining a dependable and affordable source of electricity. Families and small businesses need to start doing the same thing.

electric in half [8]