Deregulation of Electric Power: A Framework for Analysis. Draft Discussion Paper, Phase I Report

摘要

Institutional reforms in the regulation of the US electric power industry are examined in terms of current policy, its ability to promote economic efficiency in power generation and delivery, and the overall need for reform from both the suppliers' and consumers' viewpoints. Following this examination, four alternative deregulation scenarios are described and analyzed. It is concluded that rapid movement to deregulation would be unwise, and that a combination of gradual deregulation of some aspects of the power industry combined with more effective regulation of other aspects plus providing financial incentives and the legal authority for utilities to reorganize themselves voluntarily along more efficient lines would be the most desirable course of action. (ERA citation 08:010040)