Generation, deregulation, and market power? Will antitrust laws fill the void?

Journal Article · Tue Oct 15 04:00:00 EDT 1996 · Fortnightly

OSTI ID:525921

Teichler, S L ^[1]

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1. Metzger, Hollis, Gordon & Alprin, Washington, DC (United States)

Monopoly rents? Not in the short run. The real enemy is a price war, fueled by indifference to stranded costs. And when that happens, antitrust laws won`t offer much help. The electric industry displays attributes that encourage predatory pricing. Competition has formally begun in the electric service industry. The Federal Energy Regulatory Commission (FERC) has issued Order 888, giving generators access to wholesale loads throughout the nation. California`s investor-owned utilities have filed applications with the FERC to establish an independent system operator and a Power Exchange, through which generators will receive market-based prices for their dispatched generation.

• OSTI ID: 525921
• Journal Information: Fortnightly, Journal Name: Fortnightly Journal Issue: 19 Vol. 134; ISSN FRTNE8
• Country of Publication: United States
• Language: English

Related Subjects

24 POWER TRANSMISSION AND DISTRIBUTION
29 ENERGY PLANNING, POLICY, AND ECONOMY
ANTITRUST LAWS
COMPETITION
DEREGULATION
ELECTRIC POWER
ELECTRIC UTILITIES
MARKETING
MONOPOLIES
POWER GENERATION