The gates open wide. [The Energy Policy Act of 1992]
For independent electric producers, the new energy law opens wide the gate to the future. It does not give an entitlement or a subsidy; merely the freedom to expand - along with utilities - electricity's share of the next century's energy market. If anything, the new law, by removing investment barriers and creating the right to transmission access, affirms the potential of electrical generation and urges us all to get on with the job. It underscores the most powerful forces for future growth: the increasing demand for more electric power, greater production at less cost, and lessening demand on the environment's resources. With half-century-old barriers to broader production finally down, the real action now belongs to the regulators. It's one thing to pass a bill. It's quite another to make it work. The reform bill does not deregulate, but essentially defines public policy objectives (competitive markets), creates a framework to develop them, and vest responsibility for the regulation of the generation and sale of power where it belongs: with state public utility commissions and the FERC. It is going to be up to them to set the limits of the market, and to set the pace of expansion; in other words, to rearrange the play to achieve the bill's objective.
- OSTI ID:
- 6588556
- Journal Information:
- Public Utilities Fortnightly; (United States), Vol. 131:1; ISSN 0033-3808
- Country of Publication:
- United States
- Language:
- English
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Related Subjects
POLICY AND ECONOMY
ELECTRIC UTILITIES
REGULATIONS
COMPETITION
ELECTRIC POWER
ENERGY POLICY
INVESTMENT
LEGISLATION
NATIONAL GOVERNMENT
POWER DEMAND
POWER GENERATION
POWER TRANSMISSION
DEMAND
GOVERNMENT POLICIES
POWER
PUBLIC UTILITIES
293000* - Energy Planning & Policy- Policy
Legislation
& Regulation