Spence: markets alone cannot balance conflicting demands for low cost, environmentally sound, and reliable electricity supply

In the 24 states that have deregulated their electricity markets to allow competition, providers have brought down prices while increasing the supply of green energy, says Prof. David Spence, who teaches regulatory law in the McCombs School of Business and School of Law. In an article for the Vanderbilt University Law Review, Spence argues that markets alone are not sufficient to balance society’s conflicting demands for a reliable supply of low-cost energy that causes minimal environmental impact. Read more.