The future energy reality

In brief

Part two: the price of electricity is not the figure on your bill but society's total energy cost (a University of Texas study with 9 cost areas and 15 aspects). The author argues energy should be expensive where alternatives exist (households) and supported where they don't (business), and warns that a decentralised system threatens utilities' business models. Using the Airbus A380 analogy and Europe's energy-independence interest, he explains why he is optimistic.