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On Regulation, Deregulation, and Economics

This article considers some key elements of the current debates on utility deregulation and industry restructuring. Its purpose is to bridge the gap between economic theory and actual regulatory policymaking. The author explains that the emphasis of regulatory debates has, in large part, shifted from rather routine cases to matters that fundamentally affect market structure. Jurisdictional issues, difficulties associated with determining how to relax regulation of an industry that still has monopoly elements, and problems with the process itself are addressed. The author concludes that important and necessary policy debates would benefit from more substantive dialogue among all involved.

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Energy Specializations: Energy Modeling – Other

JEL Codes: L98: Industry Studies: Utilities and Transportation: Government Policy, L51: Economics of Regulation, Q41: Energy: Demand and Supply; Prices, Q42: Alternative Energy Sources

Keywords: Utility deregulation, Energy policy

DOI: 10.5547/ISSN0195-6574-EJ-Vol10-No3-11

Published in Volume 10, Number 3 of the bi-monthly journal of the IAEE's Energy Economics Education Foundation.


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