Institutional competition protects consumers: Public power vs. private power |
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Affiliation: | Northwest Economic Research LLC, 495 Greenleaf Road, Portland, OR 97229, USA |
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Abstract: | The historical competition between public power and private power shows that retail customers have chosen the former to reduce costs and improve customer service. Research also shows that publicly owned utilities employ cost-minimizing algorithms, and that federal and state regulators favor the interests of investors over those of customers, undermining their obligation to protect consumer welfare. Institutional options matter and should be strongly encouraged. |
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Keywords: | Public power Private power Institutional choice |
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