That is why the oil industry has placed an extraordinary priority on assuring that it has access to a reliable and economic supply of electricity. The industry also comprises small commercial service stations that operate around the clock providing critical fuel supplies for consumers. The industry thus services a high proportion of its own electricity supply requirements. These fuel-efficient, environmentally friendly, cogeneration facilities are a true California success story. The state should not retreat from the goal of an open, competitive market that eventually provides transparent price signals to consumers to encourage wise use, stimulates investment in new generating facilities, and invites existing regional resources to the California market.
Markets are the most effective means of meeting consumers needs and maintaining a robust economy.
More retail and wholesale competition is needed, not less. It must also strive for an economic climate that encourages new energy investment of all types. Consumer Issues Assure new supplies and associated infrastructure . The long-term solution to reliability and price stability of the electric system is the addition of new generation and transmission capacity. State, federal and local governments should make as a top priority the addition of electricity supply and transmission infrastructure sufficient to meet the growing population and energy-intensive economy in California and the western United States.