Changes in regulatory requirements, market structures, and operational technologies have introduced complexities that traditional ratemaking approaches can’t address. Poorly designed rates lead to...
2008 CEO Forum: Conservation Compact
Utilities test new models to encourage investments in efficiency and conservation.
today. In our industry, the vast majority of players don’t want competition because it will be bad for them. But consumers are voters, who elect politicians and appoint regulators. Ultimately what’s best for the consumer will prevail.
The benefits I’m talking about have to be proven in Texas. We’re aggressive in delivering our smart energy product, and proving our customers will use less electricity and be happier with the product than they were before.
I don’t expect the industry will change very quickly. We will have a lengthy debate, but time will prove competition is a superior model and can deliver an energy efficiency solution better than can a regulated model.