Home > slashdot > How the Free Market Rocked the Grid

How the Free Market Rocked the Grid

December 24th, 2010 12:29 admin Leave a comment Go to comments

sean_nestor sends in a story at IEEE Spectrum that begins: “Most of us take for granted that the lights will work when we flip them on, without worrying too much about the staggeringly complex things needed to make that happen. Thank the engineers who designed and built the power grids for that — but don’t thank them too much. Their main goal was reliability; keeping the cost of electricity down was less of a concern. That’s in part why so many people in the United States complain about high electricity prices. Some armchair economists (and a quite a few real ones) have long argued that the solution is deregulation. After all, many other US industries have been deregulated — take, for instance, oil, natural gas, or trucking — and greater competition in those sectors swiftly brought prices down. Why not electricity?”

Source: How the Free Market Rocked the Grid

Related Articles:

  1. 10 Business Models That Rocked 2010
  2. Half of India Without Electricity As Power Grid Crisis Deepens
  3. Electric Cars Won’t Strain the Power Grid
  4. Chinese Researcher Says US Power Grid Is Vulnerable, Strategist Overreacts
  5. RockYou Rocked By Layoffs As It Switches Focus To Social Games
blog comments powered by Disqus