Only Natural: How Competition Devoured the Consumer in Texas's Retail Electricity Market
Article from: OGEL 3 (2009), in OGEL Student Special
(University of Houston Law Center) As opposed to mere re-regulation, this paper examines the opportunities for direct state investment in and control over the Texas retail electricity market. Maximized profits in an industry whose services are necessary to every aspect of modern life, whose services have no reasonable substitute, and whose market is almost perfectly price-inelastic may not be socially desirable. This is especially true in a market where, as in Texas, private for-profit corporations are completely unable to deliver their services at ...