Deregulation was supposed to do for the power industry what it did in the airline and telecommunications industries: bring consumers lower prices and more competition. Instead, utility bills are rising sharply for residents in many states that unshackled their power markets as rate caps, the final remnants of regulation, expire. (USA Today, Friday)
But did they let competition bloom?
FEE Timely Classic
Deregulation Caused the Great Blackout of 2003? It Just Ain't So! by Richard L. Gordon