Deregulation has failed in lowering prices
According to the Journal of Economic Issues, economic deregulation of electric and gas utilities has not succeeded in lowering price, promoting greater consumer choice, constraining market power or improving infrastructure performance.
In some areas of the United States and Canada an agenda for re-regulation is proposed. The reforms would continue the work of economists in the field of public utility economics.
Traditionally, most electric and gas utilities have been privately owned but regulated by government in the United States and Canada, while service has been provided by publicly owned monopolies in Europe.
The original campaign for free markets was successful at both federal and state levels in the United States. The Federal Energy Regulatory Commission became the champion of market-based wholesale electricity and gas rates. Twenty-one state legislatures enacted some form of deregulation for electricity and natural gas, while in Europe, privatization was used to promote efficiency and innovation through increased reliance on market forces.
Related News
Electricity use actually increased during 2018 Earth Hour, BC Hydro
VANCOUVER - For the first time since it began tracking electricity use in the province during Earth Hour, BC Hydro said customers used more power during the 60-minute period when lights are expected to dim.
The World Wildlife Fund launched Earth Hour in Sydney, Australia in 2007. Residents and businesses there turned off lights and non-essential power as a symbol to mark the importance of combating climate change.
The event was adopted in B.C. the next year and, as part of that, BC Hydro began tracking the megawatt hours saved.
#google#
In 2008, residents and businesses achieved a two per cent savings in electricity use. But since…
