What if Distributed-generation surge erodes utility kWh sales growth?
Rapid rooftop solar, storage and on-site generation adoption erodes regulated utilities' volumetric sales even as system peaks persist, pressuring traditional cost-recovery and earnings.
Every number ships with its receipt — the odds, the range, the precedents, and a public grade at Reality Check. The statistical machinery that produces it is proprietary.
The butterfly cascade
How this trigger trickles across markets, left → right — the root shock, its first‑order moves, then the ripple effects. Drag any node; tap a market for its real price history.
Resolution timeline — how this probability is moving
Our model's odds (electric blue) over time vs the market's (Polymarket, amber), from the past toward the 6–18 months horizon. Each dot is a real macro event that nudged the probability — green pushed it up, red pushed it down. Tap a dot for the source. Loading the probability audit trail…
What it would mean
If this plays out, it is a mixed shock. Rapid rooftop solar, storage and on-site generation adoption erodes regulated utilities' volumetric sales even as system peaks persist, pressuring traditional cost-recovery and earnings. The trigger decomposes into signed root‑shocks — Natural gas ▼ · Clean-energy abundance ▲ · Industrial demand ▼ · Risk appetite ▼ — which propagate through our causal graph to the markets below.