Is the power industry one important instance of the Over-regulated America: the home of laissez-faire is being suffocated by excessive and badly written regulation, as The Economist documents in an article published on February 18th, 2012? Yes! As can be easily shown, the power industry is over-regulated. As a solution, The Economist suggests “A plea for simplicity,” identifying at the very end of the article “a real danger: that regulation may crush the life out of America’s economy.”
The origin of said over-regulation is that there is a huge mistake at the policy level architecture in EPAct 92 that has remained in place. Unless that critical mistake is addressed, it will be impossible to simplify the regulations. In order to introduce simplicity for the industry as a whole, one approach suggested...
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