Nevada Energy Market Deregulation

A regulated electricity market contains utilities that own and operate all electricity.

Nevada energy market deregulation.

We allowed the airlines to be deregulated and today air travel is a nightmare. It was deregulation of energy markets in california that allowed the enron disaster. Monopolies are typically frowned upon in a normal market. Nevadans pay an average of 44 percent less for electricity than california which has deregulated its markets and 20 percent less than the u s.

What is a regulated electricity market. Nevada s energy is too important of a public resource to permit the unpredictable and uncontrollable cost. It was deregulation of energy markets in california that allowed the enron disaster. Deregulation of the energy market means a loss of control by nevada s citizens.

We allowed the banking system to be deregulated and the housing and financial crisis followed. Keep in mind that no state has an energy market that is completely deregulated the closest state is texas with approximately 85 of the state having access to energy choice. Nevada voters weigh deregulation of electricity market november ballot measure backed by casinos would end monopoly of nv energy state s largest utility. Deregulation of the energy market means a loss of control by nevada s citizens.

Among the many communities we serve are las vegas reno sparks henderson elko. Nv energy proudly serves nevada with a service area covering over 44 000 square miles. We also provide natural gas to more than 145 000 customers in the reno sparks area. We allowed the banking system to be deregulated and the housing and financial crisis followed.

We allowed the airlines to be deregulated and today air travel is a nightmare. As a whole according to may 2016 data from the federal energy information administration. We provide electricity to 2 4 million electric customers throughout nevada as well as a state tourist population exceeding 40 million annually. Virginia state senator frank wagner says he watched electric rates rise from deregulation across the east coast in the 90s and warns nevada voters to avoid the same fate in november.

Since then deregulated energy markets have spread across various states but what are the differences and what does the future hold for electricity markets.