Business Opportunities

Search
Directory
Links

Create the future you want! Learn to make money online. Visit our website and start today!  www.exclusivebizopps.com

Electricity Deregulation Is Still Sound Policy

Make Money Online Some members of Congress say the collapse of Enron shows the need for a return to a regulated energy market. On the contrary, what the Enron debacle shows is that deregulation, carefully monitored, remains sound public policy and is the best way to prevent future Enrons.

Now Enron's bankruptcy increases "the risks and uncertainty in the business, " Rowe said. long movement to deregulate and restructure energy industries, he said. Deregulation, the setting up of competitive markets for electricity generation and marketing, was not the disaster elsewhere that it proved to be in California. Newly competitive arrangements, under cautious state supervision in Ohio, Pennsylvania and other states, helped to bring down electricity rates in most parts of the country over the last decade and a half.

Internet Business Opportunity Enron, a trading firm that noisily advocated and profited from the global move toward liberalized energy markets, declared bankruptcy two weeks ago. Coming on the heels of California's painful power crisis, the Enron debacle has seemed to some to be emblematic of the failure of electricity deregulation.

Here is a true opportunity for Energywatch to show its teeth. Anything less than the outcomes cited above in the U.S. and Canada will surely be letting the U.K. small business down. END Contacts For interviews, quotes, 020 8847 2538 pr@ .co.uk Notes for Editors is Britain independent electricity retail company specialising in the supply of electricity to small and medium sized businesses. E4B aim is to cut the cost for British business by offering lower prices.

Free Money Nonsense. The financial troubles that undid Enron are not unique to the energy industry and are not the result of deregulation, as some members of Congress have asserted. In fact, Enron's demise should be taken as an opportunity to strengthen the move toward competitive power markets.

Indian Employment Credit This credit has been extended another year and will now expire at the end of 2004. This is good news if your business is located on an Indian reservation because it allows more opportunity to claim this special tax credit (up to $20, 000 per qualified employee). Electricity Produced by Renewable Sources Credit The placed in service date for qualifying property for the general business credit for electricity produced by renewable sources (Form 8835) is extended from 2001 to 2003.

Work At Home Business Unlike successful efforts in places like Britain and Scandinavia, energy restructuring in America has been a half-hearted, half-baked affair. One reason is that the United States is a more complicated market. But the biggest hurdles to success are regulatory turf battles and the lack of a proper federal framework.

Following the deregulation of the energy industries in the late nineties, all users of electricity and mains gas throughout Great Britain can now sign up for the energy suppliers of their choice. If you're signed up with British Gas and the traditional electricity supplier in your region, you can probably save more than £100 per year just by switching energy suppliers.

Free Online Affiliate Program Trapped between the safe but inefficient world of monopoly and the innovative but volatile world of competition, Americans could get stuck with the worst of both. To get out of this trap, politicians and regulators should accelerate, not abandon, reforms.

The process followed by the British was then used as a model or at least a catalyst for the deregulation of several other countries and regional markets. However, in many of these other instances the market deregulation occurred without the widespread privatisation that characterised the UK example. In different deregulation processes the institutions and market designs were often very different but many of the underlying concepts were the same.

Auction Coin Money Paper It's clear that regulators must increase their market surveillance to be sure that firms are not colluding to raise prices in the way they shut down power plants for maintenance, for example. Deregulation is not the same as no regulation. Experience in other nations shows that competition in energy works if there is a strong, but carefully circumscribed, role for regulators especially during the heady, uncertain transition phase.

Franchise Business Opportunity Toward that end, Congress should expand the powers of the Federal Energy Regulatory Commission to include supervision of government-run utilities, ranging from tiny municipal power companies to the giant Tennessee Valley Authority, that now fall outside its purview. This would at least bring some rationality to a system that is now a patchwork of differing rules for local, federal and private-sector utilities. Congress should also increase the commission's budget to help it crack down on utilities that prevent rivals from using their high voltage lines to trade power.

Best Free Online Affiliate Even as they look for market abuses, like manipulation of power auctions, officials at the federal and state levels must encourage the development of markets. Enron was an aggressive giant, but most gas and power companies are actually small and highly suspicious of competition. That is because America still has the most fragmented, and perhaps the least efficient, utility industry in the developed world. Congress should dismantle Depression-era laws preventing power companies from entering new businesses, for example.

Blogging Money Thebillivard The power market and regulatory agencies are balkanized: state and federal regulators still squabble, and rules vary regionally on such things as connection to the grid. This greatly discourages investment in neglected areas like transmission lines and in promising "micropower" technologies, like fuel cells, which often need to be connected to the grid to be economically viable.

Best Home Based Business Supporters of deregulation should see Enron's fall as an opportunity to push for greater transparency and more competition. In both chambers of Congress, energy bills have surfaced recently that could provide a comprehensive federal framework for electricity regulation. Senator Jeff Bingaman of New Mexico, for example, would streamline the rules governing the use of transmission lines.

Affiliate Marketing Program Designed wisely, energy deregulation can produce a wave of innovation in the utility business every bit as sweeping as that which spawned the telecommunications revolution.

Money Site Thebillivard Com By Vijay Vaitheeswaran, a correspondent for The Economist and is writing a book about the future of energy.

Online Business Opportunity New York Times - 12/15/2001

Topic: Energy

[ Comment, Edit or Article Submission ]

Share this:

Add To Del.icio.us Add To Reddit Add To Yahoo MyWeb Add To Google Bookmarks Add To Furl Fav This With Technorati Add To Newsvine Add To Bloglines Add To Ask Add To Windows Live Add To Slashdot Stumble This Digg This

More about:

Nov December 2008 Jan
Sun Mon Tue Wed Thu Fri Sat
  1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31      

Related Blog of Business Opportunities on Sphere Business Opportunities Blog on Technorati

Business Opportunities

Copyright © 2008 www.exclusivebizopps.co.uk. All rights reserved.
Valid XHTML 1.0 Transitional

Energy Helpline Save on Gas and Electricity Bills