Description
This essay discusses the history of electric power regulation and deregulation in the United States, and the arguments for and against each approach. It argues that deregulation has been successful in increasing competition and lowering prices, while re-regulation has been more likely to result in higher prices and less competition.
After decades of the presumption that the electric power industry was a natural monopoly, recent times have seen a trend of deregulation followed by panicked re-regulation. This title addresses the fundamental issues underlying the debate over electric power regulation and deregulation from a legal and economic perspective.
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