A comparison of large industrial rates for the lowest cost state (Kentucky) to the highest cost state (Hawaii) shows that the average costs of electricity in the U.S. varies by a factor of 3.8.
California's electricity crisis is not the fault of "deregulation" or the market - because California's electricity market was never deregulated. Many experts agree with the Libertarian position that the electricity market in California is far from deregulated - and that government intervention is the real problem: The state's Legislature just restructured existing regulation and due to the unforeseen future events at that time, very dire unintended consequences have been the result. Contrary to the collectivists' propaganda, it was not deregulation that failed; it was the collectivists' regulation of the marketplace that failed. The solution is not more government regulation, instead, let the invisible hand of capitalism do its work. Full deregulation of the electric power industry, will save Hawaii from black out's and lower our power costs. It is amazing how innovative and intelligent individuals become when they are motivated by the invisible hand of capitalism.
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