Inter-municipal, Publically-owned Power Company
The main power utility that sits at the center of this solution is both publicly-owned and inter-municipal.
An example power utility that embodies these features in a positive way is SEV - the company that controls the entire grid in the Faroe Islands.
"SEV is based on joint and several liability, a democratic organisation. Most of the profit, from sales of electricity, is spent on future developments of supply productions and the power supply system. In this way everybody enjoys the profit, and developments can be carried out parallel to progress in society, which requires more demand for electricity.
SEV is obliged to supply to all citizens, companies, and organisations with power supply 24-hours a day. SEV has sole responsibility for power quality and the power supply system in the Faroe Islands."