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Harness market wisdom for lower-cost electricity

Harness market wisdom for lower-cost electricity

Donald J. Kochan writes in The Richmond Times-Dispatch on the merits of harnessing market wisdom for lower-cost electricity.

The C3 Take
  • Competition and consumer choice are central to delivering better products to people, including cleaner, more affordable energy.
  • In some parts of the country, government-protected monopolies in the electricity market inhibit competition, limiting choices for American families and businesses.
  • Electricity suppliers in competitive markets have the incentive to provide a product their customers want. Thus, consumers have benefitted from more choice and more affordable rates.

“Having multiple competing suppliers generates real electricity price competition, as well as competition over quality, reliability and satisfaction of other customer preferences like environmental protection.”

Read the full article here.

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