Competitive pricing of energy services in New York State: Current trends and issues
New York`s electric utilities sit on the high side of an awesome price gap, as compared with utilities in other regions. Since New York State and local governments share with the utilities themselves some responsibility for today`s high electric rates, a solution will not be found in one sweeping action, but in many small ones. The author focuses attention on some of the major utility cost factors that have been identified as responsible for driving up energy prices for utility customers. It will be demonstrated that in the short run, increases in utility customer bills in New York have been greatly impacted by mandatory DSM incentives to the utilities and, according to the utilities, overpayments to non-utility generators (NUGs). The utilities also have to share the blame for increases in electric prices to the extent they were responsible for the development of overpriced nuclear plants in the preceding decade. The author suggests how policy makers and regulators may go about reducing energy prices to customers, especially to large industrials, in order to keep them competitive.
- OSTI ID:
- 75508
- Journal Information:
- Electricity Journal, Vol. 8, Issue 1; Other Information: PBD: Jan-Feb 1995
- Country of Publication:
- United States
- Language:
- English
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