The electricity industry in the United States has become indispensible to the lives of many Americans and the many industries that depend on it. With the increased public debate among scientists and politicians concerning effects of global warming, generating electricity by sustainable means has fueled the renewable energy industry, which has seen booming growth rates in the last decade. For example, one of the subsectors of this industry, the solar energy industry, grew an astounding 76% from 2012-2013 and is now an $11.5 Billion dollar industry . President Obama has even repeatedly referenced renewable energy as a cornerstone policy and in a 2012 State of the Union speech, promised to “double-down on a clean energy industry that's never been more promising.” (Appendix 1) Despite the fact that the renewable energy sector is remarkably vast (solar, wind, water and other sources), their energy generation market shares combined hardly make a dent at 13.2% in 2012 (Energy Information Administration, 2013). This includes the generation, transmission, distribution and marketing of electrical energy made from renewable sources. We will define the scope of our discussions to those relating to the United States of America (USA). This paper seeks to describe the ways antitrust policy interventions affect its market structure, company conduct and social performance of the United States of America’s electrical energy generation industry. The United States government’s has long had a history of encouraging competition in the solar power industry although such policies had always been tied together with the “other” renewable energy sources mentioned above. The US solar industry was, in a period of time in America in the 80s and 90s, stagnant ... ... middle of paper ... ...e delivering energy through sustainable means. The idea is to stimulate some incremental demand for renewable energy. Otherwise, pricing rates for renewable energy follows conventional pricing schedules. Rates generally are set high enough “enable the company to operate successfully, to maintain its financial integrity, to attract capital, and to compensate its investors for the risks assumed…” (Appendix 5) . In conclusion, the United States of America’s electrical energy generation industry has improved much for the better with the various antitrust policy interventions affect its market structure, company conduct and social performance. Nevertheless, there is much work to do considering the massive lead conventional electricity generators have garnered through the years. A cleaner and sustainable future is indeed the future we can achieve if we hard towards it.
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Since this debate still rages on, many people argue both sides of the story of the pros and cons. Many would argue that not breaking up monopolies actually increase the competition of companies that are attempting to break into some of the market share that the monopoly already has, more so than the free market that exists now. Proponents of the Sherman Anti-Trust act argue that “absolute power corrupts absolutely” (Martin, 1996) as originally quoted by Baron Acton. The idea that no competition within the business world establishes no risk and reward that is all part of the entrepreneur spirit of the U.S. spirit.
Investing in a clean-energy economy is the clear path toward re-establishing our economic stability and strengthening our national security. Content, T. 2011. Works Cited Content, T. (2011, July 12). Report finds Wisconsin 13th in clean-technology jobs.JSOnline.com. Retrieved April 1, 2012, from http://www.jsonline.com/business/125463128.html.
Hirsch, Sven, and Cornelia Daheim. "The Meaning Of Clean Electricity." World Future Review (World Future Society) 4.2 (2012): 96-101. Academic Search Complete. Web. 6 Feb. 2014.
It is time to push harder for renewable power, but to push in a smarter way. Recent advances have made wind and solar power more competitive than ever. Now, for renewable power to reach its potential the world’s approach to it will have to grow up, too. Governments will have to redesign their renewable-power polic...
I chose to look into General Electric for this project because they are an energy supplier and multi-national company. Energy providers have a reputation as a money hungry companies that care about the bottom line more than people and the planet. It is easy for a person to assume that a corporation of GE’s size, money would be its only concern. What I learned was that GE has a public image problem more than a Corporate Social Responsibility (CSR) problem. The company has been working to make the people of the planet more Earth friendly by creating technology that has higher efficiency with fewer emissions and lower resource demands. GE has a well-established strategy for Corporate Social Responsibility. As a result of CSR the company has reaped profit benefits as well as a perceptibly better company image. It was with great expectation that I chose GE in the hopes to find an area that a global energy supplier would need improvement. I found that GE is within the top-10 of companies that demonstrate CSR. GE shares this distinguishment with other companies such as Patagonia, Nike and General Motors. Besides continuing the course they have started, GE could further add to their repertoire by providing roadmaps for other companies to follow in order to be a business with demonstrable CSR.
The future of the United States solar energy industry will be shaped not only by economic growth, but also by the rate of declining oil resources and the global realization of the consequences of human induced climate change. Political responses to this realization in the United States include; new policies, legislature, and tax incentives to both businesses and private households to promote growth and investment in the solar power industry.
Siemens is a German conglomerate that specialise in electronics and electrical engineering. They currently operate in four different sectors, these being Healthcare, Industry, energy and Infrastructure & Cities sector (Siemans a). They are represented in 190 countries (Siemens b), employ around 362,000 employees (Siemens c) and in 2013 achieved a revenue of €75,882 million and a net income of €4,409 million (Siemens d). This essay will focus on Siemen’s energy sector.
In addition to the fact that solar, wind, and hydro power are local resources, they are also emission free resources. Emissions and pollution are a key concern with traditional power sources. The coal-fired plants that dominate U.S. energy production also produce more emissions than any other energy source. “Em...
...tner of this electricity plant. That will definitely decrease our profits and control but it will assure the constant power demand by these industries. Thus we can reduce our external threats through this step. These industrialists will also help financially in our expansion plan and give us better goodwill in the market.
Monopolies have a tendency to be bad for the economy. Granted, there are some that are a necessity of life such as natural and legal monopolies. However, the article I have chosen to review is “America’s Monopolies are Holding Back the Economy (Lynn, 2017)” and the name speaks for itself.
I. With the world’s supply of oil running dry the Unites States must begin looking into new sources of energy, and the most promising is solar power.
Everyday life now requires the constant use of energy for everything humans do; from powering the lights, to running the dishwasher, and communicating with others through devices such as cell phones. With all of this technology the energy to power them currently comes mainly from fossil fuels such as natural gas, coal, and oil. But what would the impact be if solar energy was used to replace some of those fossil fuels? A look at how solar photovoltaic (PV) energy impacts purchased electrical energy costs, capital investment in energy generation and distribution, and pollution related to energy generation and distribution in the modern world will show that solar photovoltaic energy has a positive impact on human lives.
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