Big Utilities vs. Big Oil
At the recent Alternative Fuels and Vehicles Institute (AVFi) National Conference, major utilities were there with exciting presentations and demonstrations. Major California utilities included Sempra Energy (SRE), Southern California Edison (EIX), and PG&E (PCG). Major automotive and truck manufacturers showed their latest alt-fuel vehicles. Globally there are over 30 million electric vehicles and over 5 million natural gas vehicles.Vehicles give utilities added markets for electricity and natural gas, the opportunity to use excess off-peak electricity that is now wasted, and long-term opportunities to capture electricity from vehicles (V2G) when electricity is in peak demand.