From Nidhi Hegde, Interim Executive Director, Economic Liberties <[email protected]>
Subject New White Paper Exposing Monopoly Abuse in Investor-Owned Utilities
Date October 2, 2024 9:02 PM
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Hello,
I wanted to share an exciting new white paper from Economic Liberties in partnership with researchers at the Massachusetts Institute of Technology on an issue that deeply affects working families’ pocketbooks: their electric bill. Our latest white paper, Reforming the Utility System to Better Serve the American Public [[link removed]] , examines the investor-owned electric utility market through an antimonopoly lens, and lays out a roadmap to make the utility system better serve the public interest. It includes some great contributors, including former National Economic Council leaders like Bharat Ramamurti and Brian Deese; our new Senior Fellow for Utilities, Mark Ellis; Michael Bernstein; and researchers Anna Pasnau and Lily Bermel from MIT.
As America reckons with devastating natural disasters, the clean energy transition, and high costs of living, there’s been a lot of talk about the need to reform our electrical utility system. This new paper sheds light on the investor-owned, government-protected monopoly business model that is central to many of the system’s current shortcomings. We identify four structural problems that have arisen from this model, and offer federal and state reforms to inject competition, lower household costs, strengthen grid reliability, and better incorporate clean energy sources.
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We hope it will serve as an accessible primer on a complex topic that is increasingly relevant for state and local policymakers, regulators, and advocates concerned about how corporate power affects our pocketbooks, our communities, and our future. Later this fall, we will release additional resources on this market including a deep dive into investor-owned utilities’ rate of return model and a toolkit for state and local lawmakers to tackle harms to consumers and businesses.
If you’d like to learn more about any of these efforts, please don’t hesitate to get in touch. As always, thank you for your continued support.
Warmly,
Nidhi Hegde
Managing Director
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