Category: The Forum

By Cameron Meierhoefer and Melissa Kelman Since the passage of the 1992 Energy Policy Act, the Federal Energy Regulatory Commission (FERC) has been laying the federal groundwork for deregulated wholesale competition in the electric power industry across the country. At the same time, states across the nation have begun evaluating retail competition, where individual customers can directly benefit from competitive pricing. In an effort to protect their regional monopolies, a number of utilities have warned that market forces cannot protect the public and ensure reliable service to meet all future demand. Yet, industrial users and local economic development authorities have supported careful deregulation as a safe and effective way to achieve lower electricity prices. As a consequence, state governments across… View Article

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