Our Views: Practical Energy Policy for the Future
When it comes to public policy on energy, legislation formed today will exert implications well into the future. While our focus as a company is to safely produce and deliver reliable and affordable electricity, we’re also working to help policymakers create informed, practical public policy for California and our nation, based on a thorough understanding of associated costs and tradeoffs.
"All of us in the energy arena need to work together as never before to build a system that benefits all customers. It’s imperative that we get this right."
— Pedro J. Pizarro, CEO and President, Edison International
We Must Keep Moving Toward Electric Vehicles, Even as Gas Prices Dip
The cost of a gallon of gasoline has fallen recently, but our nation's petroleum habit remains expensive, polluting, and is making us sick. And, according to the Department of Energy's calculator, fueling a car with electricity in California costs about one-third the price of a tank of gasoline at current prices.
Key Trends Driving Change in the Electric Power Industry
“The successful transition to the next generation electric power system requires thinking about our industry in entirely new ways.” — Pedro J. Pizarro, CEO and President, Edison International
OUR PERSPECTIVE: GRID OF THE FUTURE
Transforming the Power Grid to Accommodate New Energy Technologies
Electricity customers today want choice and flexibility in how they manage their energy. This is evident in the growth of distributed energy resources for personal use, such as private rooftop solar, energy storage, and electric vehicles. In these short clips Edison International CEO and President Pedro Pizarro explains why energy companies must transform the existing local power grid into a “plug and play” platform that accommodates and integrates these new energy technologies.
Technology is Transforming the Grid
Technology is giving customers choices about what devices they need or want to plug into the grid, and it’s the utilities job to facilitate those choices.
Customer Adoption of Solar is Growing Exponentially
The state of California has about 25 percent of the nation’s distributed energy resources. SCE is helping customers install private solar at a rate of more than 5,000 per month.
The Grid Must Be Modernized to Facilitate Customer Choice
The grid was designed for one-way flow of power from generator to customer. It must be converted to a two-way flow to enable new energy technologies.
Modernizing the Grid Requires Major Investment
SCE is investing about $4 billion a year to make the grid smarter and more robust. SCE's road map for building the grid of the future has been filed with California state regulators.
A Modern Grid Will Require New Business Models
Utilities are engaging with regulators on questions such as: “Who should operate the grid?” Our view is that the utility is the natural choice to be the distribution system operator.
All Stakeholders Must Work Together on Building the Grid of the Future
Technology companies will need to keep improving cost and performance. Regulators will need to ensure fairness in rates and cost sharing. Utilities will need to undergo a culture change. We all have to work together to get this right.