Comment by mwwaters

11 hours ago

Electric utilities face price caps and there are not electricity shortages.

It depends on the level of market failure, but there are not a ton of hospitals to choose from regardless.

2 comments

mwwaters

There are electricity shortages.

mwwaters 11 hours ago

Electricity price regulation, at least for transmission, has been a thing for states for 100+ years and federally since the 1930s. Pipelines and railroads also have price regulation of some sort.
Monopolies, in these cases natural monopolies, can in fact exist. Look at the Micro supply and demand curves. As a general rule over those 100 years, there has not been rationing of electricity. There are natural blackouts and today an unplanned surge in demand (as happens in every industry such as chips after Covid), but generally the price regulation did not cause some kind of gas lines.