Letters To The Editor

Fortnightly Magazine - July 2004
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Letters to the Editor

To the Editor:

Much water has gone over the dam since the onset of electric power deregulation, and some of the good intentions that spawned the movement may have been washed out to sea. One of the results is the inability of the marketplace to demonstrate that the cost of delivered power to end users has been minimized at an acceptable level of reliability. The necessary institutional and regulatory frameworks for allowing the creation of optimal markets or true competition are still incomplete or counterproductive. Thus, our electric power infrastructure is a proverbial ship floating on the storm-tossed ocean, in danger of sinking beneath the waves.

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