V.C. Summer is a symptom of a larger problem
March 8, 2019 Key Points
South Carolina’s electric regulations prevent consumers from having a choice of electric provider
Under current “cost of service” regulations, electric utilities make more money the more they spend, incentivizing wasteful spending
States that allow electric competition have tended to see falling rates over the last decade, while monopoly states have seen rates increase
“V.C. Summer is simply one symptom of a more fundamental problem: South Carolina’s regulatory framework itself encourages such behavior in electricity markets.”
Image credit: Sunshine Studio
