Deregulation campaigns across the country have produced mixed results because the efforts come with new restrictions offsetting the benefits of market competition.California’s failed efforts included rate caps and required all electric suppliers to buy power on the state’s exchange markets. On the other hand Texas fully deregulated their electricity industry creating more choices for consumers at lower prices.
What have Pennsylvanians gained from artificially low electricity prices? They’ve gained a lack of incentives to develop alternative sources of energy, continued waste in industry and now a sudden rise in their electricity bills.
TheCompetitive Enterprise Institute provides more information on the electricity deregulation debate.