Wednesday, October 9, 2024

“Free Market Electricity”

Electricity is a free-market product with a clear free market, classical liberal meaning: the separation of government and electricity in all phases and in the whole.

The US power sector has a clear free market history for empirical evaluation—and no demonstrable market failure.

“A free market in electricity is defined as the absence of government ownership, control, or regulation.

My new AIER primer defines and applies the free-market classical liberal worldview to electricity.

Electricity, while having unique qualities, is subject to market forces and does not require government intervention or ownership.

Public policy going forward begins with federal deregulation of electricity (state deregulation would need to follow).

Forgotten regarding the criticisms of traditional public utility regulation that emerged in the 1960s; misapplied regarding the current mandatory open access era involving central planning at the wholesale level with ISOs/RTOs.

https://wattsupwiththat.com/2024/10/09/free-market-electricity/ 

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