“Texas May Triple Power Prices to Avert Summer Blackouts” – Business Week, 6/1/2012
“Rates have been higher and more volatile in the deregulated areas of Texas. But the state’s more serious challenges relate to reliability and the adequacy of power supplies.” Public Sector Consultants Texas Report, October 2013
“The rolling blackouts and artificial shortages experienced by California were a direct consequence of deregulation.” – The Guardian Newspaper, March 6, 2002
Stable, affordable energy is at the heart of Michigan’s economy and of great importance to Michigan families and businesses.
According to the Michigan Jobs and Energy Coalition, “in some states that have experimented with deregulation – for example, Texas, New Jersey, and Maryland – brownouts and rolling blackouts are a concern. States are having to interfere to manage the electric markets and ensure reliability. Deregulated energy providers have demonstrated that they cannot be counted on to build sufficient generation to ensure reliable electric supply.
Unreliable power costs us all. In the wake of 2003’s blackout that affected more than 50 million electricity consumers from Michigan to the East Coast, the Berkeley National Laboratory conducted a study to quantify the impact of power interruptions. The study estimated that power outages cost the U.S. upwards of $79 billion per year. The study also found that commercial and industrial customers bear the vast majority of these costs.”
The San Antonio News-Express reported in a story titled, “Blackouts: Another Failure of deregulation” that, “Consumers were told (deregulation) would lower prices, but it didn’t. Now, it’s becoming clear that even at those prices, the deregulated market can’t deliver reliable power. We are left with an electricity market that has failed at both ends.
In their “Guide to the 2011 Texas Blackouts” NPR reports, “the blackouts left business and homeowners frustrated with power companies and state energy management.”