Deregulation of industrial gas prices without discrimination
R. Littell, S.S. Skjei
Abstract
R. Littell, S.S. Skjei
Abstract
This article examines a species of deregulation which is seen as most probable and suitable for the US natural gas industry. For gas distribution companies, at least, deregulation is not expected to be total or complete. Rather, those companies will continue to operate under the oversight of traditional utility regulatory agencies, but the latter, in response to the reality of a more competitive environment, will permit gas companies to meet competitive challenges through more flexible pricing policies. Some of the economic and legal implications of this changed regulatory status are discussed. 9 references.
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This article examines a species of deregulation which is seen as most probable and suitable for the US natural gas industry. For gas distribution companies, at least, deregulation is not expected to be total or complete. Rather, those companies will continue to operate under the oversight of traditional utility regulatory agencies, but the latter, in response to the reality of a more competitive environment, will permit gas companies to meet competitive challenges through more flexible pricing policies. Some of the economic and legal implications of this changed regulatory status are discussed. 9 references.
Key concepts: Deregulation, Gas industry, Natural gas industry, Natural gas, Business, Distribution (mathematics), Industrial organization, Market economy