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Article: The National Energy Marketers Association Calls on Regulators to Speed the Pace of Deregulation to Avoid Shortages, Brown-outs and Mitigate Future Price Spikes.
- Article from:
- Business Wire
- Article date:
- July 13, 1998
CopyrightCOPYRIGHT 1998 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WASHINGTON--(BUSINESS WIRE)--July 13, 1998--The National Energy Marketers Association (NEMA) held an emergency session to identify causes and solutions to the unprecedented spike in power prices.
"It appears that the 'go-slow' partial deregulation of electricity in the United States has created regulatory and operational uncertainties that exacerbate both generation and weather-related shortages. 'Price spikes are nothing new'. They are the sign of a new commodity market finding its equilibrium.
"In fact, the speed with which the price spike disappeared is a sign that electricity deregulation is on track and will work more efficiently if both state and ...