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CenterPoint Energy, Inc. Message Board

  • lewis_whokeyser lewis_whokeyser Jun 7, 2001 3:55 PM Flag

    Idiot's Guide to Energy

    http://www.townhall.com/columnists/donfeder/df20010606.shtml

    "Price caps work well -- if your goal is increased consumption and decreased production.

    Energy Secretary Spencer Abraham says price controls "make a problem a disaster, and a disaster a catastrophe."

    Since 1996, California's political establishment has artificially held down the cost of electricity by capping consumer prices. (Utilities were allowed some increases this spring.) As a result, California ranks dead last among the states in power production per capita. Now Gov. Gray Davis wants caps on what utilities pay for energy, which should be a big incentive to companies that generate power. Why settle for a barge mishap when you can have the Titanic?"

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    • I agree with your assessment. I would have put it another way, but the accuracy of the statement is correct.

      Unfortunately, a number of folks on this board throw out a lot of statements probably not even expecting or wanting to get an answer but simply to provoke a response. (Kind of like Gray Davis).

      I am still waiting to get cents/KWH and $/BTU for electricity pricing in California. My guess is that, while high, there are others in the nation paying the same. The issue long ago ceased to have been played on a field of facts (if ever).

    • Price caps only cause harm in monopolistic or limited market. CA has been in the hands of a few wholesalers. These people had the capability to create an artificial market environment to decrease supply. It's called gaming the market. It's in the Advanced Idiot's guide to Energy.

    • Yeah, it sounds alot like the protection the Steel workers want from the free market and competition!

 
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