Texas purports to have a free market for electricity, but to solve the problems with electric deregulation, regulators are turning more and more to a controlled market.

While we’re unlikely to return to the days of monopoly utilities, regulators seem to be encouraging an oligopoly in which market power is concentrated among a few big companies.

Deregulation has been a flop for consumers, but this could actually make it worse. “Deregulation,” of course, was never an accurate term. It was a sales pitch, a way to convince the public of benefits that never materialized.

Find the full article at fuelfix.com.