Books > Business & Economics > Industry & industrial studies > Energy industries & utilities > Electrical power industries
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Electric Choices - Deregulation and the Future of Electric Power (Paperback)
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Electric Choices - Deregulation and the Future of Electric Power (Paperback)
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Electricity is one of the largest and most vital industries in the
U.S. economy, with sales exceeding $200 billion annually. While
electricity represents the backbone of commerce, industry, and
household production, the structure of the industry has been
changing in rather dramatic ways. After being heavily regulated for
more than a century by local, state, regional, and federal
authorities, deregulation is taking center stage. In general,
deregulation results in lower prices, more product choices, and
more rapid technological advances. Conversely, rate regulation has
inherent flaws, including the encouragement of waste and
inefficiency, and a retarding of innovation. There is little doubt
to the contributors of this book that putting regulation aside
offers enormous efficiency gains in the production of electricity.
But can market forces handle the delicate matter of transmitting
electricity when the simple model of supply and demand must be more
precise than other goods and services? How much regulation does the
electric industry need? The essays in this timely collection
explore these difficult questions and propose a new, market-based
plan to improve America's electrical future. Published in
cooperation with The Independent Institute.
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