Check out this commentary from Monday’s Richmond Times-Dispatch. Virginia is considering returning to full regulation of its electricity industry, and this commentary by Thomas Nicholson lays out the case for why that’s a bad idea.
The way the wholesale market has been designed in Virginia has some serious flaws, and Nicholson encourages Virginians not to throw the baby out with the bathwater, but instead to address those flaws and create a transparent regulatory environment into which competitive suppliers would find entry attractive. That entry is an important part of the process of competition delivering real value to Virginia consumers.
Thanks to Mike Giberson for the article link.