The U.S. grid is the worst in the industrialized world (outages are up 285%!)
Quick Take: Need more ammunition to convince ratepayers and regulators that it's time to modernize? Need more statistics and examples of just how bad things have gotten in the U.S.? Read "A Smarter Power Grid for U.S. Utilities" from Bloomberg BusinessWeek. Brief abstract below. - Jesse Berst
Power outages in the United States are up an astonishing 285% since 1984. The U.S. ranks last among the top nine Western industrialized nations in the average length of outages. That dismal performance costs American businesses as much as $150 billion every year according to the EIA.
"The U.S. electrical grid, once one of the world’s great marvels, is crumbling after decades of underinvestment," trumpets the magazine. "It's... something of a relic, largely built after World War II from designs that date to Thomas Edison."
Although talk of a smart grid has been around for years, many utilities are now starting in earnest on a huge infrastructure makeover. It could cost almost $500 billion before it's completed, according to the Electric Power Research Institute.