TODD SNITCHLER, PRESIDENT AND CEO, EPSA, FOR LAW360
Despite news that Sen. Joe Manchin, D-W.V., wouldn’t sign onto President Joe Biden’s $1.75 trillion Build Back Better Act, Senate Democrats are planning to forge ahead anyway, with Senate Majority Leader Chuck Schumer, D-N.Y., recently stating that a vote is intended to occur in January.
Their hope is that the reconciliation bill will not only stimulate economic recovery, but also fund tax credits aimed at encouraging clean electricity, clean transportation and energy efficiency…
Instead of continuing to defend failed monopoly models, or struggling to pass more complex and expensive approaches, policymakers can unleash competitive electricity markets to deliver tremendous benefits for ratepayers, and help win the fight against climate change. Smart people put their heads together decades ago to free customers from monopoly control in other areas, and restructure the way we buy and sell many products and services. Experience proves that the best path to grow the American economy is through competitive and open markets. It’s time to put that lesson to work when it comes to electricity.
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