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 The financial elite are using this “cover-up and pray” policy—hoping that rekindled “animal spirits” will bring the economy back in time to save the status quo. This is impossible because the trust is gone. The same sociopaths control the economy. A Federal Reserve zero interest rate policy (ZIRP), causing malinvestment, and monetizing the national debt with quantitative easing by the Fed, and austerity for the 99% to repay bad bank loans has not worked—and doing more of the same will not work—and defines insanity

 

     

Electric Light & Power Magazine:

Executive Digest e-Newsletter

Electricity prices and utility restructuring: better of worse?

By Eric L. Prentis: eric.prentis@gmail.com 

Published March 11, 2015

Electricity prices in deregulated or restructured electric utility states have been empirically tested, pre- and post-restructuring, relative to U.S. electricity prices. Are electricity consumers better or worse off as a result of electric utility restructuring?

In Washington, D.C., and the 11 states that have effectively restructured their electricity markets, electricity prices have gone up more than four times faster after restructuring than before restructuring, relative to U.S. electricity prices. Delaware, Maine, New York, Oregon, Rhode Island and Washington, D.C., have extremely significant electricity price increases and are extremely less efficient, after their electric utilities restructure.

Massachusetts and Texas have very significant electricity price increases and are less efficient after their electric utilities restructured. Connecticut, Maryland, New Hampshire and New Jersey had no significant relative price increases pre- and post-restructuring; however, these four states retained substantial price-suppression regulation through re-regulation of their electricity marketplaces. No effectively restructured electric utility state is statistically more efficient.

Please read the complete article, click:

http://newsletters.pennnet.com/uaeenl/295792811.html

   

Eye on the Grid 

Has privatization failed Texas utility customers?

By Eric L. Prentis: eric.prentis@gmail.com

Published October 24, 2014 

The one-size-fits-all economic theory of “retail choice—free market competition” is used by privatizers to promote the deregulation of Texas’ electric utilities.Privatizers capitalize on electric utility deregulation by promising that lower electricity prices and higher system reliability will naturally follow from electric utility deregulation. Privatizers’ sloganeering convinces on-the-take politicians and the unsuspecting electorate to approve their lobbyist-written deregulation rules and laws.

 Privatizers now say the deregulation of Texas’ electric utilities is successful and other states should follow suit. This is misinformation. The empirical data show relative electricity prices have dramatically increased and dangerously lower electrical system reliability is the result of Texas electric utility deregulation in 2002.

My recently published research paper in Review of Business & Finance Studies entitled,Deregulation & Privatization: Texas Electric Power Market Evidenceis the basis for this article, which uses means testing of official U.S. Energy Information Administration (EIA) data, from 1970–2011, to statistically analyze electricity prices in Texas, pre-and-post deregulation, relative to U.S. electricity prices.  

 Please read the complete article, click:   

Please read the complete article, click: http://www.elp.com/articles/2014/10/has-privatization-failed-texas-utility-customers.html http://www.elp.com/articles/2014/10/has-privatization-failed-texas-utility-customers.html