Lessons from the Failure of U.S. Electricity Restructuring
Date of Original Version
The Electricity Journal Volume 19, Issue 2, March 2006, Pages 15–32
Abstract or Table of Contents
Blind faith is unlikely to produce a free market that is competitive. Substituting markets for traditional regulation is only one choice among many policy instruments to achieve a goal of lower prices; such substitution should not be in itself a goal.