Electric Power

Despite the success of deregulation of natural gas and its obvious benefits to consumers, the regulatory structure for electricity remains inflexible and outmoded. This volume challenges the theory that electricity is a "natural monopoly" that must be controlled by the state. Instead, the authors argue that electricity should be deregulated to facilitate inter-fuel competition, decentralized self-generation, co-generation, direct competition (for heavy industrial users) between utilities and bulk wheeling. 516 pages.