States should de-regulate retail prices using Pennsylvania as an example of a successful approach. Price rises will encourage conservation. As demand and revenue increases, there will be an incentive to build up supplies to meet demand, if prices are allowed to reflect supply and demand. President Bush has repeatedly stated his opposition to price controls. He stated that price controls drive supply down, encourage consumption and impede investment.
Price controls do more harm to consumers and the economy than good.
The President s position on price controls is correct. New long term supplies needed Clean Air emissions regulations. Increases cost of construction, maintenance and operation, compliance, and expansion of current plants. Increases costs while discouraging new plants. The President s Plan is going in the right direction.