Deregulation versus re-regulation
The failure of electricity market deregulation in California has left the regulation of the US energy markets in a state of flux. Although a backlash against deregulation is driving demand for re-regulation, the Federal Energy Regulatory Commission (Ferc) is seeking to push through its plan for market competition as quickly as possible. The Senate – further complicating matters – voted in August to repeal the Public Utility Holding Company Act (Puhca), the backbone of US power market
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