Abstract
HOWEVER far we may still be from a proper understanding of the actual nature of the phenomena conected with the production of electrical energy, the past twenty years has clearly shown that in its economic aspects it follows certain well established laws. Just as the great increase in the scale of wholesale production and the invention of new and more rapid means of distribution enables the big manufacturer and stores to compete with the local workshop, or shopkeeper, so the lower first cost of producing electricity on a large scale, and the higher electrical pressures used in its transmission, enable the central authority to compete with the smaller local source of production.
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Electricity in Bulk . Nature 76, 385 (1907). https://doi.org/10.1038/076385a0
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DOI: https://doi.org/10.1038/076385a0