Market competition saved US consumers $15bn

14 July 2005 - US electricity consumers saved over $15bn between 1999 and 2003 due to wholesale electric market competition, according to a new study.

The study, 'Putting Competitive Power Markets to the Test', authored by the independent consulting firm Global Energy Decisions, compared current prices with those that would have existed under the old regulated utility environment without competition.

According to the report, competition has also improved utility operations and efficiencies and has also provided significant production cost savings for Eastern states wholesale power customers due to the formation and expansion of Regional Transmission Organizations.

Compete, a US coalition promoting the public interest benefits of competitive electricity markets, welcomed the release. The group's chairman, former US senator, Don Nickles, said: "This study brings home the message that competition in electricity markets continues to be good for America and for the American consumer."

Sponsored by FLSmidth

Related Articles

Rockwood nears permit for up to 915-MW power plant in Texas

The Texas Commission on Environmental Quality on Dec. 18 issued notice of a planned approval of air permitting for a gas-fired power project of Rockwood Energy Center LLC.

EPA expected to treat coal ash waste like garbage

Environmentalists and industry experts widely expect the first federal standards for the waste generated from coal burned for electricity to treat the ash like household garbage, rather than a hazardous material.

Follow Power Engineering on Twitter

Latest News

[Image Gallery]

 Basin Electric wants to expand Williston-area power station

Basin Electric wants to expand Williston-area power station

Basin Electric Power Cooperative wants to expand the capacity of its 135-megawatt Pioneer Gen...
 Vermont House endorses renewable energy package

Vermont House endorses renewable energy package

The Vermont House has advanced a wide-ranging bill that pushes utilities beyond electricity t...
 W.Va. lawmakers clears bill touted by state's coal industry

W.Va. lawmakers clears bill touted by state's coal industry

West Virginia lawmakers have approved a proposal lauded by the struggling coal industry and c...
 Google invests $300Mn in SolarCity

Google invests $300Mn in SolarCity

Google Inc. is investing $300 million equity stake in a fund created by SolarCity Corp. to fi...
Solana

Power Engineering Photo of the Day

 France’s nuclear power plant shuts down due to pipe leak

France’s nuclear power plant shuts down due to pipe leak

Unit 1 at the Fessenheim nuclear power plant in France shut down Feb. 28 following the discov...
 Indian Point nuclear Unit 3 down for $50mn refueling outage

Indian Point nuclear Unit 3 down for $50mn refueling outage

Entergy (NYSE: ETR)’s Indian Point nuclear power plant Unit 3 in New York shut down for a pla...

Power Engineering Current Issue

03/01/2014
Volume 118, Issue 3
1403PE-cover

Products Showcase

Dynamic Fluoride Ion cleaning DFIC of industrial natural gas turbines Hi-Tech Furnace Systems

Dynamic Fluoride Ion Cleaning of IGT Parts

The Dynamic Fluoride Ion Cleaning (DFIC) Process from Hi-Tech Furnace Systems is able to clean deep, narrow cracks of oxides by cycling between negative, atmospheric, and positive pressure.

Archived Articles

2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013

Buyers Guide Product Listings

Engine Starting Systems

Ingersoll Rand air starters are flexible, effic...

Strikesorb Product Family

Only Strikesorb® Surge Protective Devices (SPDs...

Power Industry Wire News

American Eagle Energy Announces Operations and Reserves Update and Guidance

American Eagle Energy Announces Operations and Reserves Update and Guidance

Parsons Acquires T.J. Cross Engineers, Inc.

Parsons Acquires T.J. Cross Engineers, Inc.

Energy Experts Discuss 2015: Synergy Resources, Earthstone Energy, Fortis Energy Services, Samson Oil & Gas, Wunderlich Securities -- Exclusive Video Interviews With EnerCom's Oil & Gas 360(R)

Energy Experts Discuss 2015: Synergy Resources, Earthstone Energy, Fortis Energy Servic...

Department of Defense Supports Neumedicines With Groundbreaking Grant for Surgical Site Infection Therapy

Department of Defense Supports Neumedicines With Groundbreaking Grant for Surgical Site...

Range Declares Quarterly Dividend

Range Declares Quarterly Dividend

Power Engineering

Article Archives for Power Engineering Magazine

Continuing Education

Professional Development Hours

To access a course listing associated to a specific topic listed below, click on the topic of choice from the list below.

Latest Energy Jobs

View more Job Listings >>