In The Karate Kid, Mr. Miyagi advises that "It is good to know karate. It is good not to know karate. It is not good to know a little karate." With the price caps now coming off in the few states that partially deregulated their electricity grids, there is a rising backlash against competitive markets, with some of that backlash even coming from normally pro-market groups like The Cato Institute. This backlashers generally argue that partial deregulation has taught us that deregulation doesn't work in the electric sector. But we ought to remember Mr. Miyagi's advice, lest we draw the …
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Sean Casten is president & CEO of Recycled Energy Development, LLC, a company devoted to profitably reducing greenhouse emissions.
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