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No doubt about it: solar power has given German utilities a lashing. They cut wholesale electricity prices, which cuts into utility profits, and they also reduce electricity demand, further cutting into utility profits. Unfortunately (for utilities), they didn’t see it coming. They were caught in the same position many other companies have been caught when a disruptive technology came along — flat on their feat, complacent, and overconfident in their reigning power (no pun intended).
http://cleantechnica.com/2014/04/26/invested-solar-sooner-ceo-german-utility-rwe-says/
http://cleantechnica.com/2014/04/26/invested-solar-sooner-ceo-german-utility-rwe-says/