I was thinking the other day about how the electricity-generating landscape will be different in the future. There seem to be two sides to this: large power plants, generating a large amount of power for a large number of people (macro), or households and businesses generating their own electricity (micro).
There are many good arguments for both sides, and clearly as both exist as markets (there are both large offshore wind farms and small-scale solar systems being built, for example). However, I thought I would have a look at the arguments for both and see which I think is a more realistic option, if we had to pick just one.
I must apologise that this post may be lacking in numerical backup: I am writing this in a (rare) break from revision, and wish only to give an indication of the pros and cons for each, without concrete numerical evidence.
