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Deregulation is the process by which governments remove restrictions on business in order to (in theory) encourage the efficient operation of markets. The stated rationale for deregulation is often that fewer regulations will lead to a raised level of competitiveness, therefore higher productivity, more efficiency and lower prices overall. Deregulation is different from liberalization because a liberalized market, allowing any number of players, can be regulated to protect the consumer's rights, especially to prevent de facto or even legal oligopolies. However, the terms are often used interchangeably within deregulated/liberalised industries.
Deregulation gained momentum in the 1970s, influenced not only by research at the University of Chicago and the theories of Ludwig von Mises, Friedrich von Hayek, and Milton Friedman, among others, but more importantly by that of Alfred E. Kahn. Deregulation in the US was led by President Jimmy Carter, with Kahn's input. Key legislation that was passed included: Airline Deregulation Act (24 October, 1978), Staggers Rail Act (signed 14 October, 1980), and the Motor Carrier Act of 1980 (signed 1 July 1980). The Emergency Natural Gas Act (signed 2/2/77) was a mix of regulation in response to OPEC price hikes and deregulation. The Airline Deregulation Act is a notable example. It sought to reintroduce market forces to the heavily regulated commercial airline industry. Subsequent deregulation has had a mixed record.
One problem that encouraged deregulation was the way in which the regulated industries often controlled the government regulatory agencies, using them to serve the industries' interests. Even where regulatory bodies started out functioning independently, a process known as regulatory capture often sees industry interests come to dominate those of the consumer. A similar pattern has been observed with the deregulation process, itself often controlled by the regulated industries.
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Economics :: Social Sciences
Political Science :: Social Sciences
Renewable :: Energy
@chucktodd seem to recall that Davis footed the bill for the deregulation of utilities which lead to blackouts in CA (Enron played a part)
brittwhitmire (brittwhitmire) Tue, 15 Dec 2009 23:45:28 -0000
@chucktodd seem to recall that Davis footed the bill for the deregulation of utilities which lead to blackouts in CA (Enron played a part)
#politics #gop #dem the Wall Street/Fed induced crash to deregulation of utilities, Healthcare Failure, and Chinese junk at Stores, OUTRAGE
mentzer4senate (mike mentzer) Mon, 14 Dec 2009 13:48:41 -0000
#politics #gop #dem the Wall Street/Fed induced crash to deregulation of utilities, Healthcare Failure, and Chinese junk at Stores, OUTRAGE
Center for the Advancement of Energy Markets - CAEM is an independent, non-profit think tank and policy change agency focusing on the impact that technology and competition will have on transforming energy markets over the next decade.
Communities facing Deregulation - Analysis of policies concerning deregulation and public power by American Local Power Project.
Comprehensive Electricity Competition Act - U.S. Dept. of Energy information and analysis on electric industry restructuring legislation.
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Electric Utility Restructuring Briefing Book - Compiled by the U.S. Congressional Research Service. Web site maintained by Center for the National Institute for the Environment. Reports cover environmental issues, state issues, transmission issues, and stranded costs.
Harvard Electricity Policy Group - On-line access to publications on policy topics related to the transition to a more competitive electricity market in the U.S.
LEAPNet - News and information on U.S. electricity deregulation, with focus on the states. Subscription required.
Program on Workable Energy Regulation - Emphasis on how market organization and government regulation affect production, consumption, and the environment.
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Red Lantern Review: California Power Crisis - Analysis of the electricity woes facing California in the winter of 2001.
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Resources for the Future Library: Electricity Restructuring - Collection of project summaries, issue briefs, articles, books and discussion papers about electricity restructuring.
Texas Electric Choice - Official site about electric power deregulation in Texas, provided by the Public Utility Commission of Texas. Includes FAQs and links to electric utilities.
Meta Description: [ Learn about safe and reliable deregulation of electricity in Texas from the official site of Public Utility Commission of Texas (PUCT). Find a Retail Electric Provider, answer questions about power, energy bills, and the safety with deregulation. ]
The Deregulation of the Electricity Industry - Peter Van Doren, Cato Institute Policy Analysis No. 320
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US Energy Information Administration Deregulation Pages - Provides information regarding a variety of aspects on the restructuring and deregulation of the electric power industry.
William W. Hogan, Harvard Electricity Policy Group - Researcher exploring the issues involved in the transition to a more competitive electricity market. Links to his papers and articles in PDF format.
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