• Corpus ID: 153295171

Deregulating Electric Utilities: A Market-Process Approach

  title={Deregulating Electric Utilities: A Market-Process Approach},
  author={Douglas A. Houston},
  journal={Cato Journal},
The basic assumptions on which public utility regulation have been built are increasingly challenged. Longstanding policy prescriptions no longer have unwavering support from academicians, politicians, or executives in the regulated industries. There appears to be a widespread recognition that, due to exhaustion of scale economies, the generation sector of the electricity industry may accommodate a competitive market structure.’ But can any of the many proposals for rearranging the industry… 
3 Citations
Electric Utility Reform : Shock Therapy or Managed Competition ?
The rollback of regulations meant to protect consumers from "monopolistic industries"-or to protect "monopolistic industries" from competition, depending on how you look at it-has been proceeding
Demand-Side Management Expenditures and the Market Value of U.S. Electric Utilities: Strategic Investment or Disinvestment?
For over eighty years the vertically integrated suppliers of electricity in the United States have been assigned exclusive territorial (consumer) franchises and closely regulated. Both the legal