Per Ribbing Author

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Historic Perspective on the Analogy between the Electric Grid and our Banking System

Author(s):

Per Ribbing* and Mats Leijon

For the sake of argument, money can roughly be divided into legal money and illegal money. We make moral choices to decide what kind of money we keep in our bank accounts: legal or illegal. Similarly, electric power can roughly be divided into fossil power and nonfossil power. In deregulated markets, we can make a moral choice to decide what power we buy: fossil or non-fossil. In this article, the commonly known “truth” about electric power is challenged and by doing so, it has unveiled the possibility of choosing not to consume any fossil power.

To make sure we can choose not to consume any fossil power we need to define a new entity, a new term: The audited Product Electricity. The Product Electricity does not exist without an audit of production versus consumpti... view more»

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