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A Critical Assessment of Electricity and Natural Gas Deregulation

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  • Harry M. Trebing

Abstract

Economic deregulation of electric and gas utilities has failed to achieve its proposed objectives of lowering price, promoting greater consumer choice, constraining market power, and improving infrastructure performance. Concentration has grown, deregulated price increases exceed prices where regulation was maintained, and supposedly free markets do not assure control of market power or cost effectiveness in achieving environmental protection. An agenda for re-regulation is proposed. These reforms would continue the work of Institutional economists in the field of public utility economics.

Suggested Citation

  • Harry M. Trebing, 2008. "A Critical Assessment of Electricity and Natural Gas Deregulation," Journal of Economic Issues, Taylor & Francis Journals, vol. 42(2), pages 469-477, June.
    • Handle: RePEc:mes:jeciss:v:42:y:2008:i:2:p:469-477
    DOI: 10.1080/00213624.2008.11507156
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    Cited by:

    1. Hoang-Tung, Nguyen & Viet Hung, Do & Kato, Hironori & Binh, Phan Le, 2021. "Modeling ceiling price for build-operate-transfer road projects in developing countries," Economics of Transportation, Elsevier, vol. 28(C).
    2. Roxas, Fernando & Santiago, Andrea, 2010. "Broken dreams: Unmet expectations of investors in the Philippine electricity restructuring and privatization," Energy Policy, Elsevier, vol. 38(11), pages 7269-7277, November.
    3. Li, Shuai & Cai, Jiannan & Feng, Zhuo & Xu, Yifang & Cai, Hubo, 2019. "Government contracting with monopoly in infrastructure provision: Regulation or deregulation?," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 122(C), pages 506-523.
    4. Tamer Četin & Feridun Yilmaz, 2010. "Transition to the Regulatory State in Turkey: Lessons from Energy," Journal of Economic Issues, Taylor & Francis Journals, vol. 44(2), pages 393-402.

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