We all cant wait to get into our Chevy Volts and drive off on electric power. After all, what could be better than not using gasoline for most driving needs? We are aware the source of energy for the Volts battery will be the electric grid. All indications are that the energy costs will be cheaper, at current average rates, roughly 80 cents for 40 miles of electric driving.
The Wall Street Journal reports our GM friend Rob Peterson saying that the utility companies will become more important than the oil companies in this electric car future. The story raises the question as to just what the utility companies think of this.
Per the story, "most utilities view the cars with a mixture of excitement and trepidation." The issue is that nighttime charging when demand is low will be a benefit to utility companies, but daytime charging could increase demand and thereby cost.
A study by the Oak Ridge National laboratory is cited as indicating that indeed electric costs could rise in the latter scenario.
The idea of smart meters that could titrate electric rates to the time and purpose of use was discussed and it was noted that these are already being rolled out in California.
There was also mention of studies which show the grid should easily be able to handle the demands of electric cars and allow dramatic displacement of petroleum as an energy source.
Bottom line, the grid will handle it, it will cost less than oil, and both the individual and the utility companies will benefit from plug-in cars.
And, in my opinion, the tide of the sea change is unstoppable.
Source (Wall Street Journal )
This entry was posted on Saturday, May 3rd, 2008 at 8:14 pm and is filed under Charging, Grid. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.