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, 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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