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- W2045431139 abstract "This article discusses the incremental but increasingly assertive efforts by federal policy makers toward encouraging deregulation of the electric utility industry. Focusing on the efforts of the Federal Energy Regulatory Commission (FERC), we conclude that the federal government is involved in a sort of two-sided experiment. On the one hand, efforts to deregulate the electric power industry attempt to establish a competitive market pose the question: Can government provide rational guidance in the formation of markets in a complex industry? On the other hand, it asks whether the democratic process can permit agencies such as FERC to impose and implement an economically rational design on a self-interested pubic that is mostly interested in cheap, reliable power. In a sense, FERC is auditioning for a new role for regulatory agencies—as designers and overseers of markets. This is a dramatic shift from the traditional role of “regulator as policeman.” Whether regulators are up to the task remains to be seen." @default.
- W2045431139 created "2016-06-24" @default.
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- W2045431139 date "2003-06-01" @default.
- W2045431139 modified "2023-09-27" @default.
- W2045431139 title "Wholesaling in Electricity: Inching Along" @default.
- W2045431139 doi "https://doi.org/10.1111/1541-1338.t01-1-00004" @default.
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