Power Shift from Producers to Consumers

Abstract

Part 4, titled “Energy-Centric Economy,” begins with this chapter, which explores the power shift from producers to consumers in the energy landscape. It introduces the analogy of a full-course menu versus à la carte options to highlight the transformation in consumer choices and their impact on the power supply composition. The chapter delves into the transition from a planned economy to a free market, marking the beginning of a new era. It discusses the rise of self-generation, where consumers become producers of their own power and the emergence of prosumers who actively participate in energy production and consumption. The concept of zero marginal cost energy sources is introduced, highlighting their impact on the energy market. The chapter delves into the consequences and opportunities presented by zero marginal cost, touching upon the sharing economy and its relevance in the energy sector. Overall, this chapter explores the paradigm shift in the energy landscape, as consumers play an increasingly significant role in shaping the Energy-Centric Economy.