Regulation rethink

The deregulation of US power markets from the 1990s onwards has come under fire in recent years as electricity prices rose to record highs. The State of Maryland, for example, was so concerned that it considered a return to a regulated market.

Most recently though, the global economic downturn, the cost of returning to the former system, and the fall in prices of input fuels such as coal and natural gas, are tempering the calls for a return to full regulation. Instead, a move towards a hybrid sy