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Questions raised about 'overly generous' power price rises amid tumbling wholesale costs (www.abc.net.au)
submitted 2 years ago by [email protected] to c/[email protected]
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[-] [email protected] 4 points 2 years ago

Full deregulation implies that speculators are free to create trading options. In most cases the major interests are capable of manipulating the traded commodity price via their control of supply. Also, as you point out, barriers to entry of utilities create a walled garden that shouldn't be handed over to an entity whose mission is to create profit and enrich its owners. Deregulation implies rolling back regulations often created in response to the excesses of an unregulated market.

this post was submitted on 21 Jul 2023
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