ausblenden:
Schlagwörter:
deregulation, electricity, energy, market design, market failure, markets, regulation, regulatory capture
Zusammenfassung:
Even in an ideal electricity market, reliability is an elusive and precarious byproduct of companies’ search for profits. Since market designers are rarely in a position to enforce this ideal, electricity markets tend to produce poorly maintained infrastructures that collapse as soon as there is trouble on the horizon.
