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Essay / Research Paper Abstract
This 6-page paper discusses regulated markets as it pertains to energy companies. Two articles referred to deal with Virginia's Dominion Energy and Illinois' Commonwealth Edison. The paper discusses whether market deregulation in this industry has, indeed, spurred competition and been beneficial for the consumer, or if it's created more market inefficiencies. Bibliography lists 2 sources.
Page Count:
6 pages (~225 words per page)
File: D0_MTmareen.rtf
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Unformatted sample text from the term paper:
been said, is good for competition and also helps ensure that the weaker manufacturers and companies are weeded out, as consumers will automatically gravitate toward the companies with which they
feel the most comfortable. There are, however, times in which market regulation tends to be the better way to go. In hindsight,
for example, the early 1980s breakup of AT&T, originally thought to bring competitive factors to long distance services, did little more than bring in poor quality service (although the price
has gone down). Now, irony upon irony, thanks to mergers and acquisitions, the telephony industry is pretty much back to the point of being somewhat of a competitive monopoly.
Another interesting regulated market is that of energy. Unlike the telephone monopoly of 20 years ago, the energy market is regulated by each
states public utilities commission. Because regulation is state-by-state, some states have initiated deregulation rulings to allow competitive forces to rule the supply and demand of energy. So far, however, it
hasnt worked. Several years ago, California suffered from poor planning of energy deregulation. And in the article "Utility deregulation process good
for Dominion Virginia Powers profit," published in the Daily Press on September 7, 2003, it is noted that deregulation of the industry hasnt necessarily led to an automatic market efficiency
in terms of competition. Rather, the article notes that despite deregulation, the main energy provider of Virginia, Dominion Virginia Power, continues to profit, even while asking the PUC for a
rate hike (Anonymous, 2003). Ironically enough, Dominion, during the past four years, has earned more than $886 million more than it would
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