Initiative to study Pennsylvania electricity markets and economics
Producers, distributors and regulators have joined with Penn State to form the Penn State Electricity Economics Initiative, a cooperative project to investigate possibilities and challenges surrounding electricity restructuring in the commonwealth.
Wednesday March 24, 2010
Excerpt from story on Penn State Live
"General deregulation of the electric industry in Pennsylvania began about 12 years ago," said Andrew Kleit, professor of energy and environmental economics. "We are finally reaching the culmination of the process."
The price freeze on electricity is ending, and companies are beginning to market electricity directly to the consumer. The initiative hopes to explore market questions such as "How effective is retailing, and who is choosing to switch supplier?"
"Pennsylvania will soon require that 20 percent of the electricity produced in the state be green energy," said Kleit. "In Pennsylvania, green energy is wind energy."