Governments can reshape the energy business: they are the biggest users

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In our energy system we treat electricity as a commodity, which is sold by the unit, writes Walt Patterson, Associate Fellow at Chatham House. This provides an incentive to suppliers to maximise consumption – which is why our user-technology is so wasteful. But according to Patterson, electricity is not a commodity, it’s a process in infrastructure. What matters is not the functioning of some ‘electricity market’ but long-term investment in this … [Read more...]