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TEXT OF STORY
MARK AUSTIN THOMAS: Remember deregulation? It was supposed to make electricity cheaper for consumers and businesses. Well so far just the opposite has happened. At least that’s the thinking of consumer groups meeting in Washington. Eric Niiler has the story.
ERIC NIILER: California, Texas and other states that deregulated now pay much more than states that kept electric utilities under government control. They also have shortages and reliability troubles.
That’s according to consumer advocate Marilyn Showalter. She’s with the group Power in the Public Interest.
MARILYN SHOWALTER: For one thing, in a competitive market you need willing buyers and willing sellers. Well in the case of electricity, you have neither. People have to buy electricity. And same for the sellers. Sellers cannot turn off and on their big plants.
Some states are considering a return to regulation of the power industry. The Federal Energy Regulatory Commission holds its own conference on deregulation today.
In Washington, I’m Eric Niiler for Marketplace.
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