For profit utility participants are desperately afraid of their return on equity being crushed by the new energy model, hence the need for strong political response from the citizenry. The grid can absolutely operate in the manner you describe, but profits will be diminished and investors will struggle to reach for previous profit potential unless you're in a non profit config (coop and whatnot).
Shades of "The Innovator's Dilemma" and what not. Incumbents do not care for their gravy train being taken away.
> Investor-owned utilities, or IOUs, are large electric distributors that issue stock owned by shareholders. Almost three-quarters of utility customers get their electricity from these companies. IOUs are most prevalent in heavily populated areas on the East and West coasts. In 2017, 168 IOUs served an average of 654,600 electric customers. The two largest IOUs are in California: Pacific Gas and Electric, with 5.48 million customers, and Southern California Edison Company, with 5.07 million customers.
Shades of "The Innovator's Dilemma" and what not. Incumbents do not care for their gravy train being taken away.
Edit: https://www.eia.gov/todayinenergy/detail.php?id=40913 ("Investor-owned utilities served 72% of U.S. electricity customers in 2017")
> Investor-owned utilities, or IOUs, are large electric distributors that issue stock owned by shareholders. Almost three-quarters of utility customers get their electricity from these companies. IOUs are most prevalent in heavily populated areas on the East and West coasts. In 2017, 168 IOUs served an average of 654,600 electric customers. The two largest IOUs are in California: Pacific Gas and Electric, with 5.48 million customers, and Southern California Edison Company, with 5.07 million customers.