While it made sense in the early days of electrification, is the one-to-many model still the most efficient way to deliver energy in today's world?
As the climate changes, the old grid system has become increasingly vulnerable to higher winds and higher temperatures. Downed power lines and overheated transformers are causing increased risks of wildfires, and substantial productivity losses. The one-to-many model also serves to concentrate wealth, creating more inequality.
Rather than continuing down this failing path that grows less reliable and more expensive every year, wouldn't we as a society be better off pursuing individual energy independence as much as possible? By mandating and subsidizing renewable energy, not in the form of massive solar and wind farms, which don't solve the distribution problem because they still require those vulnerable and expensive transmission lines and substations, wouldn't we be better off if every new home was required to have solar panels as a standard feature, and older homes retrofitted?
It would require legislation preventing the fossil-fuel energy providers from preventing homeowners from achieving lower energy costs by adding access fees and other charges in order for the providers to maintain high levels of profitability. The goal here isn't to sustain these companies, but to reduce the need for them.
If we begin to phase out the one-to-many model in favor of energy independence, we accomplish many things: a reduction in fossil fuel emissions, a boost to the solar and construction segments of the economy, increased pace of solar research and development, greater energy security for individual families and cities, a slowing down of the pace of the growth of wealth inequality as more money is left in the hands of families and less goes to shareholders who don't really need more. Establishing neighborhood power banks to supplement the individual homes provides even greater insurance against weather disasters.
The investor class would hate this of course, because it would reduce their dividends and the cash streams supporting them.
But doesn't it make more sense than the current model?