Deregulation
Deregulation is the elimination of regulated rate tariffs on energy that is supplied. Deregulation ultimately spreads the risk of an energy crisis amongst multiple companies in a specific region then on one monopoly company. What it boils down to is, big money. Whether it is a natural gas company or a supplier of energy, the main goal is to make profit. Over the past years in California, it can be seen that many energy suppliers have been working to bring down the cost of making and providing energy while staying in line with the deregulation mandates, in doing so, they have made it almost impossible for themselves to make economic profit. There are many reasons why electricity deregulation happens, and California has seen just about all of them. Many have put their money on the deregulation plan of the state. It is believed that this plan that was signed in 1996, by former Governor Pete Wilson, holds most of weight of the problem. The plan was intended to bring more competition into the state’s electricity industry. At the time the plan was signed, California’s major utilities sold several of their power plants to a number of electricity wholesalers. But the plan did not give power suppliers much of a motivation to inc
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Some common words found in the essay are:
Pete Wilson, Transition Charge, , Northwest California, demand electricity, energy crisis, power plants, deregulation plan, california seen, competitive metering billing, charge customer bills, charge customer, metering billing, customer bills, plan signed, competitive metering,
Approximate Word count = 840
Approximate Pages = 3 (250 words per page double spaced)
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