In the past, electric utilities were what economist would call natural monopolies, dominating all parts of the value chain from electricity production to retail supply. Energy utiltiy providers buy from a third party and sell electricity to individual households. While, energy marketers trade future contracts that enable power-hungry businesses to secure power at a fixed price, all of which has supported strong utility balance sheets. However, the dynamics of the market is compxnies significantly. The rise of electric vehicles EVstechnology, and the advancement of renewables are encouraging distributed self-generation, new platforms to trade and manage loads, and incentivizing customers to play an active role. The graph below htility the breakdown by fuel type. Renewable electricity generation has doubled in the period from to to eighteen percent. Natural gas has increased, however, is much less carbon intensive than coal. The growth in renewables is significant, as it is driving the platform of distributed energy grids. Electrification in mobility means electricity demand is set in increase dramatically. This is potentially good news for utilities as it could provide new sources of revenue. EVs are essentially batteries on wheels, and a cheaper way for utilities do public power utility companies make money capitalize on energy storage, and publkc turn help regulate the flow of electricity on both the demand and supply .
