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Politics : Electoral College 2000 - Ahead of the Curve
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To: Ilaine who wrote (6324)12/15/2000 11:38:22 AM
From: The Philosopher   of 6710
 
On NPR this morning they were reporting that the high wholesale prices are because a few years ago the big users insisted on deregulation so they could buy wholesale power on the open market at cheaper rates. Which for a while they did, and didn't complain at all about getting cheaper power. But now that power has become scarcer and, therefore, more expensive, they're howling and demanding price limits (reregulation).

Sure. While it was to their benefit to have floating rates they loved it. When they have to pay the piper they run for protection.

Bet they're not offering to pay back some of the savings they made the past few years.

And bet when prices drop again they'll be back demanding deregulation so they can get their power cheaper.

This is how free markets break. Not from the free market itself, but from the interference with the free market.
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