Where Electricity Deregulation Works Published in the Wall Street Journal on May 16, 2001. By Phillip G. Harris. President Bush is set to announce a free-market approach to energy policy tomorrow.
Many critics are skeptical, claiming that deregulation has failed in California.
But take your eyes off California for a moment, and look elsewhere. It has been working since 1997. There are no brownouts. Power prices have declined and consumers are better off. It is the way deregulation is meant to work.