Regulated vs. Deregulated Markets
Georgia’s regulated, vertically-integrated market structure has consistently delivered some of the lowest residential rates among top 10 GDP states (Figure 1). Of these top 10 GDP states, only Georgia, Florida and North Carolina have regulated electricity markets—the others are deregulated.
More broadly, for the past 28 years residential rates in states with regulated electricity markets have been consistently lower than those with deregulated market structures (Figures 2 & 3). The U.S. average, black dashed line, is included for reference, and the vertical scale is consistent for both figures.
If there’s an advantage to deregulated, non-vertically-integrated utility markets such as those in California, New York and New Jersey, rates isn’t one of them. Neither is long-term integrated resource planning. Moreover, a deregulated market will likely never build another nuclear power plant under its current market structure.