The New Nostradamus of the North: Smart grids not so smart

Power companies around the world are planning to spend trillions of dollars building smart grids — next-generation marvels likened to the transcontinental railroad and the Internet because they are seen as revolutionizing society.
It won’t happen. The smart grid is nothing more than a politically driven fantasy that has no economic rationale other than to support politically favoured technologies that themselves have no economic rationale other than to save the world from global warming. And on global warming the public in most developed countries, public opinion polls show, has already spoken: Global warming is a non-problem.