Lax regulation leads to higher electric bills
Utility companies have been taking advantage of lenient federal regulators for too long, and we all get stuck with the bill.
Public Citizen is pushing for a return to a system in which rates are set by the cost of providing the power, rather than being set by the market, at least until the government’s failings can be corrected.
The problem is that the Federal Energy Regulatory Commission (FERC) has not used the authority is has been given. Tyson Slocum, director of Public Citizen’s Energy Program, explains.