mid term exam/ open book 400-600 words question needs to be answered with materi

mid term exam/ open book 400-600 words question needs to be answered with material provided in class while I will attach later QUESTION)Some energy analysts argue that the financial model that underpins the traditional electric utility model faces extinction. For the purposes of this question, the “traditional electric utility model” is one in which electricity is generated in a large, centralized facility (e.g., a nuclear power plant), and then distributed to consumers via an electricity grid. The hypothesis goes like this. The cost of distributed energy resources (DER) such as rooftop solar PV is declining due to technical innovation, leading to increased household adoption of DER, which reduces the demand for electricity sold by the utility. Faced with declining sales revenue and large fixed costs (power plants, transmission lines, etc.), the utility raises the price of electricity. Faced with higher prices from the utility, consumers increase their adoption of DER. Use a systems “box-and-arrow diagram” to describe how this perturbation (a decline in the cost of DER) could produce financial ruin for the traditional electric utility. Label each “box” and “arrow” connection with a “plus” or a “minus” sign and describe the overall dynamics (behavior) of the system. [Note: you can construct your diagram with drawing software or draw it by hand and take a picture with your smartphone. Please make sure that the text and symbols are clear and legible–especially important if you upload an image drawn by hand and digitally converted with a smartphone. Upload the image, or embed it in a Word document (20 points).

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