Deregulation versus re-regulation
While the US authorities are still ironing kinks out of a major electricity market redesign and looking to repeal the utility industry’s most influential Act, US regulators and self regulators are moving to fill the vacuum. Catherine Lacoursière reports
The failure of electricity market deregulation in California has left the regulation of the US energy markets in a state of flux. Although a backlash against deregulation is driving demand for re-regulation, the Federal Energy Regulatory Commission (Ferc) is seeking to push through its plan for market competition as quickly as possible. The Senate – further complicating matters – voted in August to repeal the Public Utility Holding Company Act (Puhca), the backbone of US power market
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