S5E1: The EMP epilogue season – Electricity Restructuring 101
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S5E1: The EMP epilogue season – Electricity Restructuring 101
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Energy Markets Podcast host Bryan Lee explains why he has returned to publishing regular episodes of the podcast after a two-year sabbatical. "I feel compelled to return," Lee says, citing "the looming threat of a retreat from electricity regulatory reforms that have provided billions of dollars in benefits to consumers."
Lee also draws on his long career in energy and environmental policy to provide the history of competitive reforms over the past 30 years intended to replace monopoly regulation of electricity prices with market-based pricing.
"While the decades-old model for competitive electricity markets needs to be improved, we shouldn't lose sight of the benefits we've derived – billions in consumer savings and a consistently cleaner electric industry," Lee says. "It would be a tragedy if we returned to monopoly regulation rather than take the steps needed to make the markets work better."
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