1. CATO Institute: Rethinking Electricity Restructuring
- Author:
- Peter Van Doren and Jerry Taylor
- Publication Date:
- 11-2004
- Content Type:
- Working Paper
- Institution:
- The Cato Institute
- Abstract:
- Electric utility restructuring was initiated in the 1990s to remedy the problem of relatively high electricity costs in the Northeast and California. While politicians hoped that reform would allow low-cost electricity to flow to highcost states and that competition would reduce prices, economists wanted reform to eliminate regulatory incentives to overbuild generating capacity and spur the introduction of real-time prices for electricity.
- Topic:
- Economics, Energy Policy, Government, and Politics
- Political Geography:
- California