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| Topic: |
Science
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| Number of pages / Number of words: |
5 / 1133 |
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This is a perfect example why public utilities, especially the electric utilities, should not be deregulated. When people take full advantage of the supply and demand such as in this case, the outcome is certainly instability and disorder of our public utility system.
Despite the fact that deregulation was a huge failure in California, the proponents of deregulation argue that it can work to bring more choices and competitive prices...
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The best real example comes from the state of Pennsylvania where its residents saved $3 billion on their electric bills after the state adopted deregulation bill (Eisenberg 46). Another example is the state of Texas. Eisenberg says that, "?state officials are guaranteeing a 6% rate cut from the get-go when retail deregulation takes effect next year" (Eisenberg 47)...
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