Nick Loris and Travis Fisher, CEO of the Electricity Consumers Resource Council, write in RealClearEnergy about the importance of electricty market competition.
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Regulatory inefficiencies stifle electricity market innovation, harming consumers.
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Subsidies and other policies that lead to governments picking energy winners and losers favor monopolies and distort the market.
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Regulators can unleash private sector innovation by removing political interventions to increase competition.
“Part of the problem is our outdated regulatory paradigm. In electric utility regulation, the monopoly model implemented in the early 20th century still persists in some parts of the country. The results are bad for consumers, including a $30b upgrade to one monopoly nuclear plant and a $9b tab for another that was never finished.”
Read the full article here.
The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.
