Indiana Considering Deregulation
Indiana lawmakers recently commissioned a report to be delivered no later than November 2013 to assess the potential benefits of moving to competitively supplied electricity. This study follows on the heals of increasing pressure to consider some form of modified or deregulated market for the state’s consumers.
In a recent interview former FERC Commissioner Bill Massey stated that deregulated markets have delivered average costs that are 11.8% lower than their conventionally regulated counterparts. These savings are particularly valuable to local businesses and energy-intensive industries looking to streamline costs. While not all are sold on the merits of deregulation, Indiana lawmakers believe that the possibility at least deserves further consideration.