Utah is doing just fine with monopoly electric service, says a state legislator who oversees the Utah Public Utilities Commission. The legislator, Carl Albrecht, was responding to an op-ed appearing in the Deseret News the week earlier by Ethan Dursteler and me in which we encouraged Utahns to consider retail electric competition. Albrecht is right … More Utahns Get Low-cost, Reliable Electric Power. What is Wrong with That?
For the firms in regulated industries, for the regulators, for their customers, does the theory underlying the applied regulation matter? I think it matters a lot, even down in the real-world trenches of doing regulation, because regulation’s theoretical foundation influences what regulators and firms do and how they do it. Think about a traditional regulated … More Why Does a Theory of Competition Matter for Electricity Regulation?