An article last week in the New York Times drew new attention to the ongoing debate about the impacts of electricity deregulation, stating that “some experts blame deregulation” for high electricity prices. In the U.S. this means that electricity prices follow natural gas prices, the typical fuel for marginal generators, much more closely in deregulated states. After removing California, retail prices in all the other deregulated states have risen more slowly than those in the regulated category. This starts with a more rigorous understanding of why electricity prices are where they are. California Electricity Prices are Still High!” Energy Institute Blog, UC Berkeley, January 17, 2023

Source: New York Times January 17, 2023 21:02 UTC