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Electricity Restructuring: What Has Worked, What Has Not, and What is Next

Listed author(s):
  • Jeff Lien

    (Economic Analysis Group, Antitrust Division, Department of Justice)

Registered author(s):

    In the 1990s and early 2000s, a series of state and federal initiatives restructured electric markets. In many areas of the country generation was unbundled from transmission and distribution and competitive markets for energy generation were established. A decade has now passed since many of these market reforms were implemented, and increasing energy prices have re-focused attention on these reforms. In particular, commentators are blaming the reforms for the rising energy prices and, in several states, legislators are now considering re-imposing regulation. In this paper I discuss some successful features of industry restructuring, and consider areas where further reform may be warranted. It appears that market restructuring is now producing significant tangible benefits in the areas of the country where it has been most fully implemented. Calls for the reimposition of heavyhanded regulation should be resisted.

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    Paper provided by Department of Justice, Antitrust Division in its series EAG Discussions Papers with number 200804.

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    Length: 27 pages
    Date of creation: Apr 2008
    Handle: RePEc:doj:eagpap:200804
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    Department of Justice Antitrust Division 450 Fifth Street NW Washington, DC 20530

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