By Robert Arial and Ashley Landess | The Nerve
How does South Carolina’s energy market work? In a nutshell, it doesn’t. While other states are moving toward more open markets, South Carolina remains stubbornly lacking in competition. And as usual in our state, oversight of the utilities is controlled by legislators who appoint the board that controls utility rates.
I must say, the legislature has really outdone itself in creating the structure that controls the utilities in this state. The system pretty much ensures there will never be real energy competition and thus the public will have no real control over utility costs.
at The Nerve.