Lessons from the failure of U.S. electricity restructuring

Seth A. Blumsack; Jay Apt; Lester B. Lave

doi:10.1016/j.tej.2005.12.008

Lessons from the failure of U.S. electricity restructuring

Seth A. Blumsack
, Jay Apt
, Lester B. Lave

Research output: Contribution to journal › Article › peer-review

23 Scopus citations

Abstract

Blind faith is unlikely to produce a free market that is competitive. Substituting markets for traditional regulation is only one choice among many policy instruments to achieve a goal of lower prices; such substitution should not be in itself a goal.

Original language	English (US)
Pages (from-to)	15-32
Number of pages	18
Journal	Electricity Journal
Volume	19
Issue number	2
DOIs	https://doi.org/10.1016/j.tej.2005.12.008
State	Published - Mar 2006

All Science Journal Classification (ASJC) codes

Business and International Management
Energy (miscellaneous)
Management of Technology and Innovation
Law

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10.1016/j.tej.2005.12.008

Cite this

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title = "Lessons from the failure of U.S. electricity restructuring",

abstract = "Blind faith is unlikely to produce a free market that is competitive. Substituting markets for traditional regulation is only one choice among many policy instruments to achieve a goal of lower prices; such substitution should not be in itself a goal.",

author = "Blumsack, \{Seth A.\} and Jay Apt and Lave, \{Lester B.\}",

note = "Funding Information: This work was supported in part by the Alfred P. Sloan Foundation, the Electric Power Research Institute, and the U.S. National Science Foundation through the Carnegie Mellon Electricity Industry Center ( www.cmu.edu/electricity ).",

year = "2006",

month = mar,

doi = "10.1016/j.tej.2005.12.008",

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journal = "Electricity Journal",

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AU - Apt, Jay

AU - Lave, Lester B.

N1 - Funding Information: This work was supported in part by the Alfred P. Sloan Foundation, the Electric Power Research Institute, and the U.S. National Science Foundation through the Carnegie Mellon Electricity Industry Center ( www.cmu.edu/electricity ).

PY - 2006/3

Y1 - 2006/3

N2 - Blind faith is unlikely to produce a free market that is competitive. Substituting markets for traditional regulation is only one choice among many policy instruments to achieve a goal of lower prices; such substitution should not be in itself a goal.

AB - Blind faith is unlikely to produce a free market that is competitive. Substituting markets for traditional regulation is only one choice among many policy instruments to achieve a goal of lower prices; such substitution should not be in itself a goal.

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DO - 10.1016/j.tej.2005.12.008

M3 - Article

AN - SCOPUS:32944454657

SN - 1040-6190

VL - 19

SP - 15

EP - 32

JO - Electricity Journal

JF - Electricity Journal

IS - 2

ER -

Lessons from the failure of U.S. electricity restructuring

Abstract

All Science Journal Classification (ASJC) codes

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